Shares of GDS Holdings Limited (NASDAQ:GDS - Get Free Report) have received a consensus rating of "Moderate Buy" from the five analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $15.69.
A number of equities analysts recently commented on the company. JPMorgan Chase & Co. cut their price objective on GDS from $12.00 to $7.00 and set a "neutral" rating on the stock in a research note on Thursday. StockNews.com upgraded GDS to a "sell" rating in a report on Thursday, March 21st.
Check Out Our Latest Stock Analysis on GDS
GDS Price Performance
GDS stock traded up $0.32 during midday trading on Thursday, reaching $6.65. The company's stock had a trading volume of 2,575,289 shares, compared to its average volume of 1,861,153. GDS has a 52 week low of $5.01 and a 52 week high of $20.78. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.96. The business has a 50-day moving average price of $6.62 and a 200-day moving average price of $8.73. The stock has a market cap of $1.27 billion, a PE ratio of -1.99 and a beta of 0.41.
Institutional Investors Weigh In On GDS
Several hedge funds and other institutional investors have recently modified their holdings of GDS. E Fund Management Hong Kong Co. Ltd. boosted its position in GDS by 136.0% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 52,305 shares of the company's stock valued at $1,807,000 after acquiring an additional 30,138 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of GDS by 109.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,434 shares of the company's stock worth $178,000 after purchasing an additional 1,798 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of GDS by 9.1% in the 1st quarter. Bank of New York Mellon Corp now owns 100,944 shares of the company's stock worth $3,963,000 after purchasing an additional 8,426 shares in the last quarter. US Bancorp DE raised its stake in GDS by 33.4% in the 1st quarter. US Bancorp DE now owns 8,407 shares of the company's stock worth $331,000 after acquiring an additional 2,106 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in GDS by 41.7% in the 1st quarter. Bank of Montreal Can now owns 41,246 shares of the company's stock worth $1,742,000 after acquiring an additional 12,134 shares during the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.
GDS Company Profile
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Get Free ReportGDS 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.
Further Reading
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