GDS (NASDAQ:GDS) Shares Gap Down – Here’s What Happened

GDS Holdings Limited (NASDAQ:GDS) shares gapped down before the market opened on Tuesday . The stock had previously closed at $28.41, but opened at $27.12. GDS shares last traded at $27.21, with a volume of 553,111 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank of Canada downgraded GDS from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. Raymond James upgraded GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research report on Thursday, March 20th. Jefferies Financial Group raised GDS from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, March 18th. Citizens Jmp raised GDS to a “strong-buy” rating in a report on Monday, January 27th. Finally, Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.23.

GDS Stock Up 1.2 %

The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market cap of $5.22 billion, a P/E ratio of -8.97 and a beta of 0.07. The firm’s 50-day simple moving average is $31.69 and its 200 day simple moving average is $24.78.

GDS (NASDAQ:GDS) last announced its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.17. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The company had revenue of $425.13 million for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period last year, the firm posted ($2.16) earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, research analysts forecast that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

Institutional Trading of GDS

Institutional investors have recently modified their holdings of the company. Amiral Gestion bought a new stake in GDS in the 4th quarter valued at approximately $333,000. Voloridge Investment Management LLC lifted its position in shares of GDS by 36.9% in the fourth quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company’s stock worth $12,383,000 after purchasing an additional 140,343 shares in the last quarter. Woodline Partners LP acquired a new position in GDS during the fourth quarter worth $4,877,000. Vident Advisory LLC grew its position in GDS by 23.9% in the fourth quarter. Vident Advisory LLC now owns 24,390 shares of the company’s stock valued at $580,000 after purchasing an additional 4,710 shares in the last quarter. Finally, Triata Capital Ltd bought a new stake in GDS during the 4th quarter worth about $41,472,000. 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.