GDS (NASDAQ:GDS) Trading Down 4.1% - Here's What Happened

GDS Holdings (NASDAQ:GDS - Get Free Report) dropped 4.1% on Monday . The company traded as low as $35.96 and last traded at $36.05. Approximately 515,109 shares were traded during trading, a decline of 77% from the average daily volume of 2,241,952 shares. The stock had previously closed at $37.58.

Analyst Ratings Changes

GDS has been the subject of a number of recent research reports. Daiwa Capital Markets reissued a "buy" rating on shares of GDS in a report on Wednesday, May 28th. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. BMO Capital Markets raised GDS to a "market perform" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. raised GDS from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $34.00 to $46.00 in a report on Wednesday, July 16th. Finally, JMP Securities reiterated a "market outperform" rating and set a $40.00 price target on shares of GDS in a report on Wednesday, May 21st. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, GDS presently has an average rating of "Buy" and an average target price of $40.57.

GDS Stock Down 5.2%

The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.62. The firm has a 50-day moving average of $29.06 and a two-hundred day moving average of $28.32. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 10.95 and a beta of 0.31.

GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.70. The business had revenue of $375.14 million during the quarter, compared to analyst estimates of $2.72 billion. GDS had a net margin of 39.90% and a return on equity of 0.78%. The firm's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business earned ($1.96) EPS. As a group, sell-side analysts predict that GDS Holdings will post -0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GDS

Institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group increased its position in GDS by 2,390.0% during the first quarter. Brooklyn Investment Group now owns 996 shares of the company's stock worth $25,000 after buying an additional 956 shares during the period. Advisors Asset Management Inc. bought a new position in GDS during the 1st quarter worth approximately $25,000. NewEdge Advisors LLC bought a new stake in GDS during the 1st quarter valued at $25,000. Summit Securities Group LLC bought a new stake in shares of GDS in the 1st quarter worth $26,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after purchasing an additional 672 shares during the period. 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.

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