GDS (NASDAQ:GDS) Trading Up 7.4% – What’s Next?

GDS Holdings Limited (NASDAQ:GDS)’s share price rose 7.4% during trading on Wednesday . The company traded as high as $19.64 and last traded at $19.60. Approximately 146,722 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 1,606,525 shares. The stock had previously closed at $18.25.

Analyst Ratings Changes

GDS has been the topic of a number of recent analyst reports. Nomura Securities raised shares of GDS to a “strong-buy” rating in a research note on Monday, August 26th. Royal Bank of Canada upped their target price on shares of GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Bank of America lifted their price target on shares of GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.47.

GDS Stock Up 7.1 %

The firm has a market cap of $3.72 billion, a price-to-earnings ratio of -6.41 and a beta of 0.23. The firm has a 50 day moving average price of $21.21 and a 200-day moving average price of $14.96. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25.

Institutional Trading of GDS

Several institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its position in shares of GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after purchasing an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of GDS in the third quarter valued at $64,000. Signaturefd LLC boosted its stake in shares of GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after acquiring an additional 1,215 shares during the last quarter. Brookfield Corp ON purchased a new stake in GDS during the 3rd quarter worth about $171,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in GDS in the 2nd quarter valued at about $108,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Company Profile

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.