GDS (NASDAQ:GDS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “GDS Holdings Limited provides information technology service. It offers integrated solutions, consulting, service and training including data center hosting, IT management and operation outsourcing, business continuity management, disaster recovery and cloud computing services. The company operates primarily in Shanghai, Beijing, Shenzhen, Guangzhou and Chengdu. GDS Holdings Limited is headquartered in Shanghai, the People’s Republic of China. “

A number of other analysts also recently issued reports on the company. BidaskClub raised GDS from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. Credit Suisse Group set a $42.00 price target on GDS and gave the stock a “buy” rating in a report on Tuesday. Finally, TheStreet raised GDS from a “d” rating to a “c-” rating in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $41.75.

NASDAQ:GDS traded down $0.65 during midday trading on Wednesday, reaching $35.47. The company had a trading volume of 845,900 shares, compared to its average volume of 1,055,252. The firm has a market cap of $4.24 billion, a PE ratio of -69.55 and a beta of 3.25. GDS has a 12-month low of $18.59 and a 12-month high of $46.18. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.05.

GDS (NASDAQ:GDS) last released its earnings results on Wednesday, March 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.03). The company had revenue of $829.52 million during the quarter, compared to analysts’ expectations of $822.31 million. GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The company’s revenue for the quarter was up 64.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) earnings per share. Equities analysts forecast that GDS will post -0.29 EPS for the current year.

Several institutional investors have recently bought and sold shares of GDS. American Century Companies Inc. lifted its holdings in shares of GDS by 582.2% in the 4th quarter. American Century Companies Inc. now owns 2,888,871 shares of the company’s stock valued at $66,704,000 after purchasing an additional 2,465,377 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of GDS by 1,030.8% in the 3rd quarter. Vanguard Group Inc now owns 1,638,232 shares of the company’s stock valued at $57,551,000 after purchasing an additional 1,493,362 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of GDS by 1,030.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,638,232 shares of the company’s stock valued at $57,551,000 after purchasing an additional 1,493,362 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of GDS by 1,510.3% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,281,800 shares of the company’s stock valued at $45,030,000 after purchasing an additional 1,202,200 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of GDS by 63.9% in the 4th quarter. FMR LLC now owns 2,361,844 shares of the company’s stock valued at $54,535,000 after purchasing an additional 920,389 shares during the last quarter. 46.62% of the stock is owned by institutional investors and hedge funds.

GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.

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