GDS Holdings Ltd – (NASDAQ:GDS) traded down 6.4% on Monday . The company traded as low as $35.11 and last traded at $35.15. 965,694 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 1,049,950 shares. The stock had previously closed at $37.55.
A number of equities research analysts have weighed in on the company. Credit Suisse Group set a $42.00 target price on GDS and gave the stock a “buy” rating in a research report on Tuesday, March 19th. TheStreet upgraded GDS from a “d” rating to a “c-” rating in a research report on Wednesday, March 13th. BidaskClub upgraded GDS from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, Zacks Investment Research upgraded GDS from a “sell” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $41.29.
The stock has a market cap of $4.21 billion, a P/E ratio of -70.10 and a beta of 3.18. The company has a quick ratio of 0.87, a current ratio of 2.22 and a debt-to-equity ratio of 1.50.
GDS (NASDAQ:GDS) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The company had revenue of $891.80 million for the quarter, compared to analyst estimates of $888.42 million. During the same quarter last year, the company posted ($0.71) EPS. GDS’s revenue was up 58.6% on a year-over-year basis. On average, research analysts expect that GDS Holdings Ltd – will post -0.47 earnings per share for the current year.
Several large investors have recently made changes to their positions in GDS. BlackRock Inc. raised its stake in GDS by 22.0% during the 4th quarter. BlackRock Inc. now owns 3,918,103 shares of the company’s stock valued at $90,469,000 after purchasing an additional 706,695 shares during the period. Westpac Banking Corp acquired a new stake in GDS during the 4th quarter valued at $2,821,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in GDS during the 4th quarter valued at $462,000. 1832 Asset Management L.P. raised its stake in GDS by 27.7% during the 4th quarter. 1832 Asset Management L.P. now owns 157,500 shares of the company’s stock valued at $3,636,000 after purchasing an additional 34,200 shares during the period. Finally, Hudson Bay Capital Management LP raised its stake in GDS by 34.5% during the 4th quarter. Hudson Bay Capital Management LP now owns 356,608 shares of the company’s stock valued at $8,234,000 after purchasing an additional 91,470 shares during the period. Institutional investors own 54.07% of the company’s stock.
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About GDS (NASDAQ:GDS)
GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.
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