GDS (NASDAQ:GDS) Shares Gap Up to $10.15

Shares of GDS Holdings Limited (NASDAQ:GDS) gapped up prior to trading on Wednesday . The stock had previously closed at $10.15, but opened at $10.50. GDS shares last traded at $10.85, with a volume of 392,865 shares trading hands.

Analyst Ratings Changes

GDS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on GDS from $12.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. StockNews.com raised GDS to a “sell” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, GDS currently has a consensus rating of “Hold” and a consensus target price of $12.58.

GDS Trading Up 5.6 %

The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50-day simple moving average of $8.54 and a two-hundred day simple moving average of $7.56. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -3.35 and a beta of 0.20.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. GDS had a negative return on equity of 8.70% and a negative net margin of 41.33%. The firm had revenue of $363.89 million during the quarter, compared to the consensus estimate of $366.92 million. As a group, research analysts forecast that GDS Holdings Limited will post -1.25 EPS for the current year.

Institutional Investors Weigh In On GDS

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new stake in GDS in the 4th quarter valued at $53,000. PNC Financial Services Group Inc. increased its position in GDS by 23.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,843 shares of the company’s stock worth $64,000 after buying an additional 1,123 shares during the period. Quadrature Capital Ltd bought a new position in GDS during the 4th quarter worth $107,000. Capstone Investment Advisors LLC bought a new position in GDS during the 1st quarter worth $188,000. Finally, Nomura Holdings Inc. bought a new position in GDS during the 4th quarter worth $292,000. Institutional investors own 33.71% of the company’s stock.

GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.