GDS (NASDAQ:GDS) Hits New 52-Week Low – Here’s What Happened

GDS Holdings (NASDAQ:GDS – Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $25.18 and last traded at $25.86, with a volume of 4,836,296 shares changing hands. The stock had previously closed at $29.60.

Key Headlines Impacting GDS

Here are the key news stories impacting GDS this week:

Wall Street Analyst Weigh In

Several research firms have issued reports on GDS. Wall Street Zen lowered shares of GDS from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th. Zacks Research downgraded shares of GDS from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $51.00 price objective on shares of GDS in a report on Tuesday, September 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, GDS presently has an average rating of “Moderate Buy” and an average target price of $48.12.

View Our Latest Report on GDS

GDS Trading Down 12.6%

The business has a 50-day moving average price of $31.78 and a two-hundred day moving average price of $34.88. The company has a market cap of $5.18 billion, a P/E ratio of 12.03 and a beta of 0.42. 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 – Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. The business had revenue of $454.51 million during the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. On average, analysts predict that GDS Holdings will post 2.23 EPS for the current year.

Institutional Investors Weigh In On GDS

Hedge funds and other institutional investors have recently bought and sold shares of the company. Triata Capital Ltd boosted its holdings in GDS by 23.5% during the fourth quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock worth $103,803,000 after purchasing an additional 566,345 shares during the last quarter. Carrhae Capital LLP grew its stake in shares of GDS by 51.1% in the second quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock valued at $99,112,000 after buying an additional 1,115,757 shares in the last quarter. Bank of America Corp DE increased its holdings in GDS by 25.5% during the first quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock worth $87,723,000 after buying an additional 442,414 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of GDS in the 1st quarter valued at about $68,092,000. Finally, Hsbc Holdings PLC lifted its position in shares of GDS by 294.4% in the first quarter. Hsbc Holdings PLC now owns 1,220,693 shares of the company’s stock valued at $48,746,000 after buying an additional 911,191 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Company Profile

(Get Free Report)

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, telecommunications carriers and multinational corporations.

Its services include wholesale and retail colocation, managed data center services, interconnection and cloud connectivity. GDS designs, builds and operates facilities intended to support customers’ critical information technology infrastructure, including cloud computing, data storage and other high-performance computing requirements.

Founded in 2001, GDS has historically focused on serving customers in China through data centers in major economic and technology centers.

Recommended Stories

Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter.