GDS (NASDAQ:GDS) Shares Gap Down to $10.71

GDS Holdings Limited (NASDAQ:GDS – Get Rating) gapped down before the market opened on Tuesday . The stock had previously closed at $10.71, but opened at $10.40. GDS shares last traded at $10.44, with a volume of 66,694 shares.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GDS. Citigroup upped their price objective on GDS from $34.00 to $35.50 in a research note on Monday, February 20th. Royal Bank of Canada upped their price objective on GDS from $15.00 to $17.00 and gave the stock a “sector perform” rating in a report on Friday, March 24th. Deutsche Bank Aktiengesellschaft upgraded shares of GDS from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Friday, March 17th. Finally, StockNews.com assumed coverage on shares of GDS in a report on Thursday, May 18th. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, GDS presently has a consensus rating of “Hold” and a consensus price target of $30.07.

GDS Price Performance

The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a fifty day simple moving average of $15.43 and a 200 day simple moving average of $18.11. The company has a market capitalization of $1.92 billion, a PE ratio of -8.23 and a beta of 0.69.

GDS (NASDAQ:GDS – Get Rating) last posted its earnings results on Wednesday, March 15th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.19. GDS had a negative return on equity of 6.25% and a negative net margin of 15.85%. The company had revenue of $348.55 million during the quarter, compared to analyst estimates of $336.15 million. Equities analysts anticipate that GDS Holdings Limited will post -1.36 EPS for the current year.

Hedge Funds Weigh In On GDS

Several hedge funds have recently modified their holdings of GDS. Lindbrook Capital LLC lifted its holdings in GDS by 148.8% in the 4th quarter. Lindbrook Capital LLC now owns 1,590 shares of the company’s stock valued at $33,000 after purchasing an additional 951 shares in the last quarter. Parallel Advisors LLC grew its holdings in GDS by 94.3% in the 4th quarter. Parallel Advisors LLC now owns 1,929 shares of the company’s stock valued at $40,000 after buying an additional 936 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of GDS in the 4th quarter worth $41,000. Advisor Group Holdings Inc. raised its holdings in shares of GDS by 71.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,795 shares of the company’s stock worth $57,000 after acquiring an additional 1,163 shares during the period. Finally, Ronald Blue Trust Inc. boosted its position in shares of GDS by 316.0% during the 1st quarter. Ronald Blue Trust Inc. now owns 3,249 shares of the company’s stock valued at $67,000 after acquiring an additional 2,468 shares during the last quarter. Institutional investors and hedge funds own 42.64% of the company’s stock.

About GDS

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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.