GDS Holdings Limited (NASDAQ:GDS - Get Free Report)'s stock price was up 7.3% during mid-day trading on Wednesday . The company traded as high as $44.34 and last traded at $43.76. Approximately 1,411,756 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 2,547,340 shares. The stock had previously closed at $40.77.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Daiwa Capital Markets raised GDS from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 11th. StockNews.com upgraded shares of GDS from a "sell" rating to a "hold" rating in a report on Tuesday, January 28th. JMP Securities started coverage on shares of GDS in a report on Monday, January 27th. They issued an "outperform" rating and a $35.00 price target for the company. Citizens Jmp upgraded shares of GDS to a "strong-buy" rating in a report on Monday, January 27th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $26.00 target price on shares of GDS in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $22.60.
Read Our Latest Research Report on GDS
GDS Stock Up 12.8 %
The stock's fifty day moving average price is $25.13 and its 200-day moving average price is $21.06. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of -15.90 and a beta of 0.12. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of GDS. Amiral Gestion bought a new stake in shares of GDS during the 4th quarter worth approximately $333,000. Voloridge Investment Management LLC increased its holdings in GDS by 36.9% during the fourth quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company's stock worth $12,383,000 after buying an additional 140,343 shares during the last quarter. Woodline Partners LP bought a new stake in GDS during the fourth quarter worth $4,877,000. Vident Advisory LLC lifted its stake 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 acquiring an additional 4,710 shares during the last quarter. Finally, Triata Capital Ltd bought a new position in shares of GDS in the 4th quarter valued at about $41,472,000. 33.71% of the stock is owned by institutional investors and hedge funds.
GDS Company Profile
(
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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