GDS (NASDAQ:GDS) Shares Gap Up to $6.77

GDS Holdings Limited (NASDAQ:GDS) gapped up prior to trading on Wednesday . The stock had previously closed at $6.77, but opened at $7.06. GDS shares last traded at $7.06, with a volume of 235,445 shares traded.

Wall Street Analysts Forecast Growth

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

GDS Trading Down 0.8 %

The company’s 50-day moving average is $7.02 and its 200 day moving average is $8.17. The company has a current ratio of 1.32, a quick ratio of 1.52 and a debt-to-equity ratio of 1.92. The firm has a market cap of $1.37 billion, a PE ratio of -2.16 and a beta of 0.40.

GDS (NASDAQ:GDS) last released its earnings results on Tuesday, March 26th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.23). The business had revenue of $360.07 million during the quarter, compared to analysts’ expectations of $363.21 million. GDS had a negative net margin of 43.25% and a negative return on equity of 8.90%. As a group, sell-side analysts predict that GDS Holdings Limited will post -1.28 EPS for the current year.

Institutional Investors Weigh In On GDS

A number of institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. purchased a new stake in shares of GDS in the fourth quarter worth approximately $6,952,000. Massachusetts Financial Services Co. MA lifted its position in GDS by 76.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,630,386 shares of the company’s stock worth $17,853,000 after buying an additional 707,149 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of GDS by 43.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,157 shares of the company’s stock valued at $1,588,000 after buying an additional 52,747 shares during the period. Aigen Investment Management LP acquired a new stake in shares of GDS during the 3rd quarter valued at $115,000. Finally, Wellington Management Group LLP grew its holdings in shares of GDS by 26.2% during the 3rd quarter. Wellington Management Group LLP now owns 169,964 shares of the company’s stock valued at $1,861,000 after acquiring an additional 35,298 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.