Shares of GDS Holdings Limited (NASDAQ:GDS - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $38.05, but opened at $36.22. GDS shares last traded at $32.55, with a volume of 2,297,608 shares.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on GDS shares. JMP Securities began coverage on GDS in a research note on Monday, January 27th. They set an "outperform" rating and a $35.00 target price on the stock. Royal Bank of Canada cut GDS from an "outperform" rating to a "sector perform" rating and increased their price objective for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th. Daiwa Capital Markets raised shares of GDS from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 11th. Raymond James raised their price target on shares of GDS from $25.00 to $53.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Finally, Citizens Jmp upgraded shares of GDS to a "strong-buy" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.23.
View Our Latest Report on GDS
GDS Price Performance
The firm has a market cap of $7.34 billion, a P/E ratio of -12.62 and a beta of 0.06. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The company's 50-day moving average is $29.05 and its two-hundred day moving average is $23.03.
Institutional Trading of GDS
A number of institutional investors and hedge funds have recently made changes to their positions in GDS. GSA Capital Partners LLP acquired a new position in GDS during the third quarter valued at approximately $544,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of GDS in the 3rd quarter valued at $544,000. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of GDS during the 3rd quarter worth $245,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of GDS during the 3rd quarter worth $1,001,000. Finally, Swedbank AB lifted its position in shares of GDS by 3.7% during the 3rd quarter. Swedbank AB now owns 338,974 shares of the company's stock worth $6,915,000 after buying an additional 12,100 shares during the last quarter. Institutional investors own 33.71% of the company's stock.
About GDS
(
Get Free Report)
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.
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