GDS (NASDAQ:GDS) Shares Gap Up to $6.11

GDS Holdings Limited (NASDAQ:GDS) gapped up prior to trading on Monday . The stock had previously closed at $6.11, but opened at $6.30. GDS shares last traded at $6.31, with a volume of 366,642 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. StockNews.com upgraded GDS to a “sell” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. cut their price target on GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.69.

GDS Stock Performance

The company has a debt-to-equity ratio of 1.92, a current ratio of 1.32 and a quick ratio of 1.52. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -1.84 and a beta of 0.40. The stock has a 50 day simple moving average of $6.93 and a two-hundred day simple moving average of $8.32.

Institutional Trading of GDS

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC increased its position in shares of GDS by 132.8% during the second quarter. Barclays PLC now owns 2,898 shares of the company’s stock worth $32,000 after purchasing an additional 1,653 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of GDS during the fourth quarter worth about $41,000. PNC Financial Services Group Inc. increased its position in shares of GDS by 23.5% during the second quarter. PNC Financial Services Group Inc. now owns 4,720 shares of the company’s stock worth $52,000 after purchasing an additional 897 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of GDS during the fourth quarter worth about $53,000. Finally, Advisor Group Holdings Inc. increased its position in shares of GDS by 71.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,795 shares of the company’s stock worth $57,000 after purchasing an additional 1,163 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

About GDS

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.