GDS Holdings Limited (NASDAQ:GDS – Get Rating)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $15.59, but opened at $16.11. GDS shares last traded at $16.46, with a volume of 566,055 shares trading hands.
Wall Street Analysts Forecast Growth
GDS has been the subject of several recent analyst reports. StockNews.com initiated coverage on shares of GDS in a report on Thursday. They issued a “sell” rating for the company. Truist Financial decreased their price objective on shares of GDS from $75.00 to $50.00 in a report on Wednesday, November 23rd. Citigroup increased their price objective on shares of GDS from $34.00 to $35.50 in a report on Monday, February 20th. Royal Bank of Canada cut their target price on shares of GDS from $22.00 to $15.00 in a research note on Tuesday, November 29th. Finally, HSBC cut their target price on shares of GDS from $39.00 to $36.00 in a research note on Wednesday, November 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.11.
GDS Trading Up 1.8 %
The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.56. The firm has a market cap of $3.04 billion, a PE ratio of -11.68 and a beta of 0.69. The company’s 50-day moving average is $21.65 and its 200 day moving average is $18.98.
Institutional Investors Weigh In On GDS
GDS Company Profile
GDS Holdings Ltd. engages in developing and operating data centers in China. It builds, operates, and transfers data centers at other locations. Its data centers are carrier and cloud-neutral, which enable customers to connect to major telecommunications carriers, and to access a number of cloud service providers.
- Get a free copy of the StockNews.com research report on GDS (GDS)
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