Shares of GDS Holdings Ltd – (NASDAQ:GDS) shot up 1.1% on Thursday . The stock traded as high as $26.56 and last traded at $26.63. 31,469 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 996,760 shares. The stock had previously closed at $26.34.
Several brokerages recently weighed in on GDS. BidaskClub raised shares of GDS from a “strong sell” rating to a “sell” rating in a report on Saturday. Zacks Investment Research cut shares of GDS from a “hold” rating to a “sell” rating in a report on Friday, November 16th. SunTrust Banks began coverage on shares of GDS in a report on Tuesday, September 18th. They issued a “buy” rating and a $46.00 target price on the stock. Finally, Berenberg Bank began coverage on shares of GDS in a report on Thursday, September 20th. They issued a “sell” rating and a $16.00 target price on the stock. Three analysts have rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.46.
The company has a market cap of $3.09 billion, a P/E ratio of -53.98 and a beta of 3.41. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.41 and a current ratio of 1.41.
GDS (NASDAQ:GDS) last announced its quarterly earnings results on Tuesday, November 13th. The company reported ($0.96) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.85). The company had revenue of $762.80 million during the quarter, compared to analysts’ expectations of $706.76 million. GDS had a negative net margin of 17.19% and a negative return on equity of 7.97%. The business’s revenue for the quarter was up 79.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.95) earnings per share. On average, analysts expect that GDS Holdings Ltd – will post -0.49 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP purchased a new position in shares of GDS during the third quarter worth approximately $615,000. Shell Asset Management Co. grew its position in shares of GDS by 78.0% during the third quarter. Shell Asset Management Co. now owns 10,500 shares of the company’s stock worth $369,000 after acquiring an additional 4,600 shares during the last quarter. Singapore Technologies Telemedia Pte Ltd grew its position in shares of GDS by 8.5% during the third quarter. Singapore Technologies Telemedia Pte Ltd now owns 7,187,821 shares of the company’s stock worth $252,508,000 after acquiring an additional 562,165 shares during the last quarter. Private Capital Advisors Inc. purchased a new position in shares of GDS during the third quarter worth approximately $549,000. Finally, BlackRock Inc. grew its position in shares of GDS by 163.7% during the second quarter. BlackRock Inc. now owns 2,576,962 shares of the company’s stock worth $103,310,000 after acquiring an additional 1,599,621 shares during the last quarter. Institutional investors and hedge funds own 43.39% of the company’s stock.
About GDS (NASDAQ:GDS)
GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.
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