GDS (GDS) Sets New 1-Year High and Low at $44.56

GDS Holdings Ltd – (NASDAQ:GDS) shares reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $44.56 and last traded at $44.49, with a volume of 56256 shares traded. The stock had previously closed at $41.92.

GDS has been the topic of several research reports. TheStreet downgraded GDS from a “c-” rating to a “d+” rating in a report on Monday, March 19th. JPMorgan Chase & Co. increased their price target on GDS from $21.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, March 19th. Royal Bank of Canada increased their price target on GDS to $33.00 and gave the company an “outperform” rating in a research note on Thursday, March 15th. Credit Suisse Group raised GDS from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 23rd. Finally, BidaskClub downgraded GDS from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $37.28.

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $3.99 billion, a price-to-earnings ratio of -89.65 and a beta of 2.85.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Thursday, May 10th. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.02). The company had revenue of $562.20 million during the quarter, compared to analyst estimates of $515.40 million. GDS had a negative net margin of 20.08% and a negative return on equity of 9.34%. During the same period last year, the company earned $0.47 EPS. equities research analysts anticipate that GDS Holdings Ltd – will post -0.26 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of GDS by 41.6% in the 1st quarter. Barclays PLC now owns 10,052 shares of the company’s stock valued at $276,000 after purchasing an additional 2,952 shares during the period. Wells Fargo & Company MN acquired a new stake in GDS during the 4th quarter worth $183,000. Global X Management Co. LLC acquired a new stake in GDS during the 1st quarter worth $224,000. Virginia Retirement Systems ET AL acquired a new stake in GDS during the 1st quarter worth $236,000. Finally, Virtu Financial LLC acquired a new stake in GDS during the 4th quarter worth $210,000. 37.74% of the stock is currently owned by institutional investors.

GDS Company Profile

GDS Holdings Ltd is a developer and operator of data centers in China. The Company is engaged in design, build-out and operation of data centers. It operates as a carrier and cloud neutral, which enables its customers to connect to all the People’s Republic of China telecommunications carriers, and to access a number of the People’s Republic of China cloud service providers, whom it hosts in its facilities.

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