GDS (NASDAQ:GDS) Trading Up 7.4%

Shares of GDS Holdings Limited (NASDAQ:GDS) rose 7.4% during trading on Friday . The stock traded as high as $7.78 and last traded at $7.73. Approximately 437,313 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 1,754,553 shares. The stock had previously closed at $7.20.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GDS shares. JPMorgan Chase & Co. reduced their price objective on shares of GDS from $12.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. StockNews.com upgraded GDS to a “sell” rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, GDS presently has a consensus rating of “Hold” and a consensus target price of $15.69.

GDS Stock Up 7.8 %

The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -2.33 and a beta of 0.40. The firm has a 50-day moving average of $7.02 and a two-hundred day moving average of $8.17. The company has a current ratio of 1.32, a quick ratio of 1.52 and a debt-to-equity ratio of 1.92.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Tuesday, March 26th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.23). The business had revenue of $360.07 million during the quarter, compared to the consensus estimate of $363.21 million. GDS had a negative net margin of 43.25% and a negative return on equity of 8.90%. As a group, sell-side analysts predict that GDS Holdings Limited will post -1.28 earnings per share for the current fiscal year.

Institutional Trading of GDS

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Holdings Inc. bought a new stake in shares of GDS in the fourth quarter valued at about $292,000. Quadrature Capital Ltd acquired a new position in GDS in the 4th quarter valued at approximately $107,000. Wellington Management Group LLP lifted its position in shares of GDS by 258.1% in the 4th quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock worth $5,551,000 after acquiring an additional 438,661 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of GDS by 16.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock worth $49,289,000 after purchasing an additional 773,378 shares in the last quarter. Finally, Berylson Capital Partners LLC increased its position in shares of GDS by 23.0% during the fourth quarter. Berylson Capital Partners LLC now owns 115,000 shares of the company’s stock valued at $1,049,000 after purchasing an additional 21,500 shares during the period. 33.71% of the stock is currently owned by institutional investors and hedge funds.

About GDS

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.