GDS (NASDAQ:GDS) Reaches New 52-Week High - Should You Buy?

Shares of GDS Holdings Limited (NASDAQ:GDS - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $41.97 and last traded at $40.85, with a volume of 211673 shares changing hands. The stock had previously closed at $39.14.

Analysts Set New Price Targets

Several research firms recently commented on GDS. StockNews.com raised shares of GDS from a "sell" rating to a "hold" rating in a report on Tuesday, January 28th. Citizens Jmp raised shares of GDS to a "strong-buy" rating in a research report on Monday, January 27th. JMP Securities started coverage on shares of GDS in a research report on Monday, January 27th. They set an "outperform" rating and a $35.00 price target for the company. Daiwa Capital Markets raised shares of GDS from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $26.00 price target on shares of GDS in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, GDS currently has a consensus rating of "Buy" and an average target price of $22.60.

GDS Stock Performance

The stock has a market capitalization of $9.22 billion, a PE ratio of -15.94 and a beta of 0.12. The company's 50-day moving average price is $25.13 and its 200 day moving average price is $21.06. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company's stock valued at $51,000 after acquiring an additional 2,353 shares during the period. Public Employees Retirement System of Ohio bought a new stake in GDS during the 3rd quarter valued at about $64,000. PNC Financial Services Group Inc. increased its stake in GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after purchasing an additional 672 shares in the last quarter. Wells Fargo & Company MN increased its stake in GDS by 1,904.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock valued at $90,000 after purchasing an additional 3,599 shares in the last quarter. Finally, Signaturefd LLC increased its stake in GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company's stock valued at $168,000 after purchasing an additional 1,215 shares in the last quarter. 33.71% of the stock is owned by hedge funds and other institutional investors.

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.