GDS (NASDAQ:GDS) Stock Price Down 2.7% - What's Next?

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) shares traded down 2.7% on Tuesday . The company traded as low as $19.73 and last traded at $20.08. 323,270 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,971,103 shares. The stock had previously closed at $20.64.

Analysts Set New Price Targets

Several brokerages recently weighed in on GDS. JMP Securities set a $40.00 price target on GDS in a research note on Thursday, March 20th. Raymond James raised GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price for the company in a research note on Thursday, March 20th. Daiwa Capital Markets upgraded GDS from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 11th. Citigroup reissued an "outperform" rating on shares of GDS in a report on Thursday, March 20th. Finally, StockNews.com downgraded shares of GDS from a "hold" rating to a "sell" rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, GDS presently has an average rating of "Buy" and an average target price of $39.48.

GDS Stock Performance

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 firm's 50 day moving average is $31.51 and its 200-day moving average is $25.13. The company has a market cap of $3.94 billion, a PE ratio of -6.77 and a beta of 0.23.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in GDS during the third quarter worth about $64,000. PNC Financial Services Group Inc. increased its holdings in shares of GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock worth $75,000 after buying an additional 672 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of 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 buying an additional 3,599 shares during the period. Blue Trust Inc. lifted its holdings in GDS by 121.9% in the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock valued at $132,000 after acquiring an additional 3,053 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in GDS in the fourth quarter worth approximately $310,000. Institutional investors and hedge funds own 33.71% of the company's stock.

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.