GDS (NASDAQ:GDS) Trading 9.1% Higher – Here’s Why

GDS Holdings (NASDAQ:GDS)’s stock price was up 9.1% during mid-day trading on Monday . The stock traded as high as $46.50 and last traded at $46.4510. Approximately 2,246,513 shares changed hands during trading, a decline of 15% from the average daily volume of 2,632,980 shares. The stock had previously closed at $42.59.

Analyst Upgrades and Downgrades

GDS has been the topic of a number of analyst reports. TD Cowen reduced their price target on GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. Macquarie set a $46.70 price target on GDS in a report on Thursday, November 6th. Finally, UBS Group set a $55.00 target price on GDS in a research report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, GDS has an average rating of “Moderate Buy” and an average target price of $46.70.

GDS Trading Up 9.2%

The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 11.66 and a beta of 0.34. The company has a fifty day moving average price of $36.62 and a 200-day moving average price of $35.89. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.65.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.51. The firm had revenue of $405.28 million for the quarter, compared to analyst estimates of $402.81 million. GDS had a net margin of 49.60% and a return on equity of 5.17%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.14) EPS. As a group, research analysts expect that GDS Holdings will post -0.89 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. acquired a new position in GDS during the first quarter worth about $25,000. NewEdge Advisors LLC bought a new position in GDS during the first quarter valued at about $25,000. Huntington National Bank lifted its position in shares of GDS by 83,700.0% during the 2nd quarter. Huntington National Bank now owns 838 shares of the company’s stock worth $26,000 after buying an additional 837 shares during the period. Assetmark Inc. boosted its stake in shares of GDS by 1,123.2% in the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after purchasing an additional 629 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of GDS by 165.0% during the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock worth $53,000 after buying an additional 850 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Company Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.