GDS (NASDAQ:GDS) Trading 4% Higher

Shares of GDS Holdings Limited (NASDAQ:GDSGet Free Report) traded up 4% during trading on Thursday . The company traded as high as $9.16 and last traded at $9.15. 223,352 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 1,657,187 shares. The stock had previously closed at $8.80.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. raised shares of GDS to a “sell” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.58.

Read Our Latest Report on GDS

GDS Stock Performance

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.25. The company’s 50-day simple moving average is $7.80 and its 200-day simple moving average is $7.69.

GDS (NASDAQ:GDSGet Free Report) last posted its quarterly earnings results on Tuesday, March 26th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.23). GDS had a negative return on equity of 8.70% and a negative net margin of 41.33%. The firm had revenue of $360.07 million for the quarter, compared to the consensus estimate of $363.21 million. Equities research analysts anticipate that GDS Holdings Limited will post -1.25 EPS for the current year.

Hedge Funds Weigh In On GDS

Several institutional investors and hedge funds have recently modified their holdings of the stock. Baupost Group LLC MA bought a new position in GDS in the 1st quarter valued at approximately $17,290,000. Cerity Partners LLC bought a new position in GDS in the 4th quarter valued at approximately $13,928,000. Goldman Sachs Group Inc. raised its holdings in GDS by 16.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock valued at $49,289,000 after buying an additional 773,378 shares during the last quarter. Pacer Advisors Inc. bought a new position in GDS in the 4th quarter valued at approximately $6,952,000. Finally, Farallon Capital Management LLC bought a new position in GDS in the 1st quarter valued at approximately $4,722,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Company Profile

(Get Free Report)

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.

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