GDS (NASDAQ:GDS) Trading Up 4.9%

GDS Holdings Limited (NASDAQ:GDS) shares shot up 4.9% during mid-day trading on Monday . The company traded as high as $20.51 and last traded at $20.50. 534,053 shares changed hands during trading, a decline of 66% from the average session volume of 1,580,004 shares. The stock had previously closed at $19.55.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Bank of America lifted their price target on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a report on Tuesday, August 27th. Royal Bank of Canada raised shares of GDS from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $13.00 to $14.00 in a research note on Monday, July 8th. Finally, Nomura Securities raised shares of GDS to a “strong-buy” rating in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, GDS has a consensus rating of “Moderate Buy” and an average price target of $15.29.

GDS Stock Up 4.0 %

The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of -6.43 and a beta of 0.24. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.39 and a current ratio of 1.39. The business’s 50 day moving average is $13.96 and its 200-day moving average is $10.30.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Wednesday, August 21st. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.07. GDS had a negative return on equity of 9.10% and a negative net margin of 39.96%. The business had revenue of $388.92 million for the quarter, compared to analyst estimates of $384.14 million. Equities analysts anticipate that GDS Holdings Limited will post -1.14 EPS for the current fiscal year.

Institutional Investors Weigh In On GDS

A number of institutional investors have recently added to or reduced their stakes in GDS. Vanguard Personalized Indexing Management LLC acquired a new stake in GDS during the second quarter worth $108,000. Quadrature Capital Ltd bought a new position in shares of GDS during the 4th quarter worth approximately $107,000. Marshall Wace LLP acquired a new stake in GDS in the 2nd quarter valued at $203,000. Headlands Technologies LLC acquired a new position in GDS during the second quarter worth $256,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of GDS during the first quarter valued at $188,000. 33.71% of the stock is owned by institutional investors and hedge funds.

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.