GDS (NASDAQ:GDS) Shares Up 6%

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) shot up 6% on Thursday . The company traded as high as $6.79 and last traded at $6.71. 425,776 shares were traded during mid-day trading, a decline of 77% from the average session volume of 1,823,613 shares. The stock had previously closed at $6.33.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GDS. JPMorgan Chase & Co. decreased their target price 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 research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, GDS currently has a consensus rating of "Hold" and an average price target of $15.69.

GDS Price Performance

The stock has a market capitalization of $1.27 billion, a P/E ratio of -1.99 and a beta of 0.41. The firm has a 50-day moving average price of $6.62 and a 200 day moving average price of $8.73. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.52 and a current ratio of 1.52.

Institutional Investors Weigh In On GDS

Several hedge funds have recently made changes to their positions in GDS. 1832 Asset Management L.P. purchased a new position in GDS during the fourth quarter valued at $41,000. Advisor Group Holdings Inc. raised its stake in GDS by 71.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,795 shares of the company's stock valued at $57,000 after buying an additional 1,163 shares during the last quarter. Barclays PLC raised its stake in shares of GDS by 132.8% in the second quarter. Barclays PLC now owns 2,898 shares of the company's stock worth $32,000 after purchasing an additional 1,653 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of GDS by 294.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,043 shares of the company's stock worth $83,000 after purchasing an additional 3,019 shares during the last quarter. Finally, Ethic Inc. purchased a new position in shares of GDS in the first quarter worth $218,000. 33.71% of the stock is currently owned by institutional investors.

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.