GDS (NASDAQ:GDS) Reaches New 52-Week High at $48.63
GDS Holdings Ltd – (NASDAQ:GDS) reached a new 52-week high on Friday . The stock traded as high as $48.63 and last traded at $47.08, with a volume of 1786372 shares trading hands. The stock had previously closed at $47.15.
Several analysts have recently issued reports on GDS shares. ValuEngine cut shares of GDS from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Zacks Investment Research downgraded GDS from a “hold” rating to a “sell” rating in a report on Monday, November 18th. Royal Bank of Canada boosted their price target on GDS from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Guggenheim set a $57.00 price objective on GDS and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, Cowen reaffirmed an “outperform” rating and set a $65.00 price objective (up previously from $53.00) on shares of GDS in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $54.60.
The company’s fifty day simple moving average is $43.71 and its 200-day simple moving average is $39.92. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market capitalization of $5.66 billion, a PE ratio of -91.85 and a beta of 3.01.
About GDS (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.
Read More: Why do companies issue stock splits?
Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter.