GDS Holdings Ltd – (NASDAQ:GDS)’s share price fell 6.4% during trading on Monday . The stock traded as low as $35.11 and last traded at $35.15. 965,694 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 1,049,950 shares. The stock had previously closed at $37.55.

Several research firms have commented on GDS. BidaskClub raised GDS from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. Credit Suisse Group set a $42.00 price target on GDS and gave the company a “buy” rating in a report on Tuesday, March 19th. TheStreet raised GDS from a “d” rating to a “c-” rating in a report on Wednesday, March 13th. Finally, Zacks Investment Research cut GDS from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $41.29.

The company has a quick ratio of 0.87, a current ratio of 2.22 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $4.13 billion, a PE ratio of -68.92 and a beta of 3.18.

GDS (NASDAQ:GDS) last issued its earnings results on Tuesday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.05). GDS had a negative return on equity of 7.56% and a negative net margin of 15.41%. The company had revenue of $891.80 million during the quarter, compared to analyst estimates of $888.42 million. During the same period in the previous year, the company posted ($0.71) earnings per share. The company’s quarterly revenue was up 58.6% on a year-over-year basis. Equities research analysts anticipate that GDS Holdings Ltd – will post -0.47 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of GDS by 22.0% in the 4th quarter. BlackRock Inc. now owns 3,918,103 shares of the company’s stock worth $90,469,000 after buying an additional 706,695 shares in the last quarter. Westpac Banking Corp acquired a new stake in GDS during the 4th quarter valued at $2,821,000. Vanguard Group Inc increased its holdings in GDS by 1,030.8% during 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 in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in GDS during the 4th quarter valued at $462,000. Finally, 1832 Asset Management L.P. increased its holdings in GDS by 27.7% during the 4th quarter. 1832 Asset Management L.P. now owns 157,500 shares of the company’s stock valued at $3,636,000 after purchasing an additional 34,200 shares in the last quarter. 54.07% of the stock is owned by institutional investors and hedge funds.

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GDS Company Profile (NASDAQ:GDS)

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, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.

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