Shares of GDS Holdings (NASDAQ:GDS – Get Free Report) reached a new 52-week low on Friday. The company traded as low as $21.66 and last traded at $22.26, with a volume of 91,920 shares trading hands. The stock had previously closed at $23.16.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on GDS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a report on Thursday, August 13th. 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. Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Finally, Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a research note on Sunday, October 18th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.12.
Check Out Our Latest Research Report on GDS
GDS Stock Performance
The company has a market cap of $4.37 billion, a P/E ratio of 10.22 and a beta of 0.42. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.22. The company has a 50 day moving average price of $29.61 and a 200-day moving average price of $36.51.
GDS (NASDAQ:GDS – Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. The business had revenue of $454.51 million for the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%. On average, equities analysts expect that GDS Holdings will post 2.23 earnings per share for the current fiscal year.
Hedge Funds Weigh In On GDS
Large investors have recently modified their holdings of the company. Carrhae Capital LLP increased its holdings in GDS by 51.1% during the 2nd quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock worth $99,112,000 after purchasing an additional 1,115,757 shares in the last quarter. Bank of America Corp DE boosted its holdings in GDS by 25.5% in the 1st 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 period. WCM Investment Management LLC bought a new stake in shares of GDS during the first quarter valued at about $68,092,000. Hsbc Holdings PLC boosted its holdings in GDS by 294.4% in the 1st quarter. Hsbc Holdings PLC now owns 1,220,693 shares of the company’s stock valued at $48,746,000 after purchasing an additional 911,191 shares during the period. Finally, Electron Capital Partners LLC grew its position in shares of GDS by 640.6% during the 1st quarter. Electron Capital Partners LLC now owns 780,979 shares of the company’s stock valued at $31,466,000 after purchasing an additional 675,531 shares in the last quarter. 33.71% of the stock is currently owned by 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.
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