GDS (NASDAQ:GDS) Sets New 1-Year Low – Time to Sell?

GDS Holdings (NASDAQ:GDS) shares hit a new 52-week low during trading on Thursday. The company traded as low as $21.95 and last traded at $22.6530, with a volume of 243,062 shares traded. The stock had previously closed at $23.57.

Wall Street Analysts Forecast Growth

GDS has been the subject of several analyst reports. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a research note on Thursday, August 13th. Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $51.00 price target on shares of GDS in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.12.

GDS Stock Down 5.8%

The firm has a market capitalization of $4.45 billion, a PE ratio of 10.36 and a beta of 0.42. The firm’s 50 day moving average price is $30.93 and its two-hundred day moving average price is $34.29. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.22.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. The business had revenue of $454.51 million during the quarter. As a group, research analysts forecast that GDS Holdings will post 2.23 EPS for the current fiscal year.

Hedge Funds Weigh In On GDS

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nykredit A S acquired a new stake in shares of GDS during the second quarter valued at about $63,000. Summit Securities Group LLC acquired a new position in shares of GDS in the first quarter worth about $65,000. EverSource Wealth Advisors LLC lifted its stake in shares of GDS by 73.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,160 shares of the company’s stock worth $87,000 after acquiring an additional 915 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of GDS in the first quarter worth about $132,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of GDS by 8.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,904 shares of the company’s stock worth $157,000 after acquiring an additional 303 shares in the last quarter. 33.71% of the stock is owned by hedge funds and other institutional investors.

About GDS

GDS Holdings Limited (NASDAQ: GDS) is a developer and operator of data centers. The company provides data center infrastructure and related services to cloud service providers, internet companies, financial institutions and other enterprises that require secure, scalable and highly connected computing facilities.

Its services include colocation, managed hosting, cloud connectivity, network services, disaster recovery and other data center solutions. GDS operates carrier-neutral facilities designed to support customers’ mission-critical information technology systems and connect them with telecommunications carriers, cloud platforms and internet exchanges.

Founded in 2001 and headquartered in Shanghai, GDS has built its primary presence in China and has expanded internationally through its GDS International business, with operations and development activities in selected markets across Southeast Asia.