GDS (NASDAQ:GDS) Stock Price Up 3.6% - Here's Why

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) shares were up 3.6% during trading on Tuesday . The company traded as high as $33.51 and last traded at $32.97. Approximately 1,048,941 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 3,372,792 shares. The stock had previously closed at $31.84.

Analyst Ratings Changes

A number of research analysts have recently commented on GDS shares. Raymond James raised their target price on GDS from $25.00 to $53.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Daiwa Capital Markets upgraded GDS from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 11th. StockNews.com cut GDS from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Jefferies Financial Group cut GDS from a "buy" rating to a "hold" rating and lifted their price objective for the company from $27.06 to $45.00 in a research note on Monday, February 24th. Finally, JMP Securities began coverage on GDS in a research note on Monday, January 27th. They set an "outperform" rating and a $35.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.23.

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GDS Stock Down 5.6 %

The firm has a market cap of $6.93 billion, a PE ratio of -11.92 and a beta of 0.06. The stock has a 50 day simple moving average of $29.68 and a 200-day simple moving average of $23.37. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19.

Institutional Trading of GDS

A number of institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its holdings in shares of GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock worth $75,000 after purchasing an additional 672 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of GDS by 1.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company's stock worth $3,721,000 after purchasing an additional 2,543 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of GDS by 121.9% in the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock worth $132,000 after purchasing an additional 3,053 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of GDS in the 3rd quarter worth $64,000. Finally, Invesco Ltd. increased its holdings in shares of GDS by 4.1% in the 4th quarter. Invesco Ltd. now owns 88,423 shares of the company's stock worth $2,101,000 after purchasing an additional 3,481 shares in the last quarter. Institutional investors 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.