Shares of GDS Holdings (NASDAQ:GDS - Get Free Report) hit a new 52-week low on Thursday. The stock traded as low as $25.18 and last traded at $25.86, with a volume of 4,836,296 shares trading hands. The stock had previously closed at $29.60.
Key GDS News
Here are the key news stories impacting GDS this week:
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on GDS shares. Zacks Research downgraded shares of GDS from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. Weiss Ratings restated a "hold (c)" rating on shares of GDS in a research report on Thursday, August 13th. Wall Street Zen cut GDS from a "hold" rating to a "sell" rating in a report on Saturday, October 10th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $51.00 price target on shares of GDS in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $48.12.
View Our Latest Analysis on GDS
GDS Trading Down 12.6%
The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 12.03 and a beta of 0.42. The business has a 50 day moving average price of $31.78 and a 200-day moving average price of $34.88. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.22.
GDS (NASDAQ:GDS - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. The business had revenue of $454.51 million during the quarter. As a group, research analysts expect that GDS Holdings will post 2.23 EPS for the current fiscal year.
Hedge Funds Weigh In On GDS
Large investors have recently bought and sold shares of the business. Tidal Investments LLC raised its stake in shares of GDS by 264.8% during the 2nd quarter. Tidal Investments LLC now owns 88,097 shares of the company's stock worth $2,646,000 after purchasing an additional 63,945 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of GDS during the 2nd quarter valued at about $7,508,000. Engineers Gate Manager LP acquired a new stake in GDS in the 2nd quarter worth approximately $1,458,000. Carrhae Capital LLP lifted its holdings in GDS by 51.1% in the 2nd quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company's stock worth $99,112,000 after purchasing an additional 1,115,757 shares during the last quarter. Finally, Nykredit A S acquired a new position in GDS during the second quarter valued at approximately $63,000. Institutional investors own 33.71% of the company's stock.
GDS Company Profile
(
Get Free Report)
GDS Holdings Limited NASDAQ: GDS is a developer and operator of data centers. The company provides data center infrastructure and related services to cloud service providers, internet companies, financial institutions, telecommunications carriers and multinational corporations.
Its services include wholesale and retail colocation, managed data center services, interconnection and cloud connectivity. GDS designs, builds and operates facilities intended to support customers' critical information technology infrastructure, including cloud computing, data storage and other high-performance computing requirements.
Founded in 2001, GDS has historically focused on serving customers in China through data centers in major economic and technology centers.
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