GDS (NASDAQ:GDS) Shares Gap Up to $10.15

GDS Holdings Limited (NASDAQ:GDS) gapped up prior to trading on Wednesday . The stock had previously closed at $10.15, but opened at $10.50. GDS shares last traded at $10.85, with a volume of 392,865 shares.

Analyst Upgrades and Downgrades

GDS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. StockNews.com upgraded GDS to a “sell” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, GDS has an average rating of “Hold” and a consensus target price of $12.58.

GDS Trading Up 5.6 %

The firm has a market capitalization of $2.04 billion, a P/E ratio of -3.35 and a beta of 0.20. The firm has a 50-day moving average of $8.54 and a 200-day moving average of $7.56. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.13 and a current ratio of 1.13.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. The firm had revenue of $363.89 million for the quarter, compared to analyst estimates of $366.92 million. GDS had a negative return on equity of 8.70% and a negative net margin of 41.33%. On average, equities research analysts anticipate that GDS Holdings Limited will post -1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On GDS

A number of large investors have recently made changes to their positions in GDS. PNC Financial Services Group Inc. lifted its stake in shares of GDS by 23.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,843 shares of the company’s stock valued at $64,000 after purchasing an additional 1,123 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of GDS in the 4th quarter valued at approximately $53,000. Quadrature Capital Ltd purchased a new position in shares of GDS in the 4th quarter valued at approximately $107,000. Berylson Capital Partners LLC lifted its stake in shares of GDS by 23.0% in the 4th quarter. Berylson Capital Partners LLC now owns 115,000 shares of the company’s stock valued at $1,049,000 after purchasing an additional 21,500 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of GDS by 36.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 93,010 shares of the company’s stock valued at $848,000 after purchasing an additional 24,635 shares during the period. 33.71% of the stock is currently owned by institutional investors.

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.