GDS (NASDAQ:GDS) Sets New 12-Month High at $18.80

GDS Holdings Limited (NASDAQ:GDS)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $18.80 and last traded at $17.95, with a volume of 35870 shares traded. The stock had previously closed at $17.20.

Analyst Ratings Changes

A number of brokerages recently issued reports on GDS. Bank of America boosted their price objective on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Royal Bank of Canada upgraded shares of GDS from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $13.00 to $14.00 in a research note on Monday, July 8th. Finally, Nomura Securities upgraded GDS to a “strong-buy” rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, GDS presently has an average rating of “Moderate Buy” and a consensus price target of $15.29.

GDS Stock Performance

The stock has a market capitalization of $3.73 billion, a P/E ratio of -6.09 and a beta of 0.23. The company’s fifty day simple moving average is $13.96 and its 200 day simple moving average is $10.24. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 2.30.

GDS (NASDAQ:GDS) last posted its earnings results on Wednesday, August 21st. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.07. GDS had a negative return on equity of 9.10% and a negative net margin of 39.96%. The business had revenue of $388.92 million during the quarter, compared to analysts’ expectations of $384.14 million. As a group, sell-side analysts forecast that GDS Holdings Limited will post -1.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GDS

A number of institutional investors have recently made changes to their positions in GDS. Creative Planning increased its position in shares of GDS by 10.3% during the 2nd quarter. Creative Planning now owns 99,850 shares of the company’s stock valued at $928,000 after purchasing an additional 9,332 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in GDS during the second quarter valued at approximately $108,000. Quadrature Capital Ltd purchased a new position in shares of GDS during the fourth quarter worth approximately $107,000. Berylson Capital Partners LLC lifted its holdings 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 worth $1,049,000 after acquiring an additional 21,500 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of GDS during the 2nd quarter valued at $203,000. 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.