GDS (NASDAQ:GDS) Stock Price Up 10% - Time to Buy?

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) was up 10% during trading on Friday . The company traded as high as $27.94 and last traded at $28.34. Approximately 437,365 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 3,376,360 shares. The stock had previously closed at $25.76.

Analyst Ratings Changes

Several brokerages have recently issued reports on GDS. JMP Securities set a $40.00 price target on GDS in a report on Thursday, March 20th. Daiwa Capital Markets raised shares of GDS from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 11th. Royal Bank of Canada downgraded shares of GDS from an "outperform" rating to a "sector perform" rating and raised their price target for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. Jefferies Financial Group upgraded shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective for the company in a report on Tuesday, March 18th. Finally, Citizens Jmp upgraded GDS to a "strong-buy" rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $39.48.

GDS Stock Up 1.0 %

The firm's 50-day simple moving average is $27.17 and its 200-day simple moving average is $25.36. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of -9.20 and a beta of 0.28.

GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.17. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm had revenue of $425.13 million for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the company posted ($2.16) earnings per share. The company's quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts forecast that GDS Holdings Limited will post -0.89 earnings per share for the current year.

Institutional Investors Weigh In On GDS

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its position in shares of GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock worth $75,000 after buying an additional 672 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of GDS by 1,904.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock valued at $90,000 after acquiring an additional 3,599 shares during the period. Blue Trust Inc. boosted its stake in shares of GDS by 121.9% in the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock valued at $132,000 after purchasing an additional 3,053 shares in the last quarter. LPL Financial LLC bought a new stake in shares of GDS in the 4th quarter worth about $310,000. Finally, Amiral Gestion acquired a new stake in shares of GDS during the 4th quarter worth about $333,000. Institutional investors and hedge funds 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.