GDS (NASDAQ:GDS) Shares Gap Down to $8.74

GDS Holdings Limited (NASDAQ:GDS)’s share price gapped down prior to trading on Monday . The stock had previously closed at $8.74, but opened at $8.55. GDS shares last traded at $8.59, with a volume of 132,304 shares changing hands.

Analyst Ratings Changes

GDS has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. StockNews.com raised shares of GDS to a “sell” rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.69.

GDS Stock Down 3.5 %

The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s 50-day simple moving average is $7.20 and its 200 day simple moving average is $8.04.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Tuesday, March 26th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.23). GDS had a negative return on equity of 8.89% and a negative net margin of 43.25%. The business had revenue of $360.07 million for the quarter, compared to analyst estimates of $363.21 million. On average, equities research analysts forecast that GDS Holdings Limited will post -1.18 earnings per share for the current year.

Institutional Trading of GDS

Institutional investors have recently bought and sold shares of the company. Capstone Investment Advisors LLC purchased a new stake in shares of GDS in the first quarter valued at $188,000. Janney Montgomery Scott LLC boosted its position in GDS by 55.3% during the first quarter. Janney Montgomery Scott LLC now owns 144,449 shares of the company’s stock worth $961,000 after acquiring an additional 51,439 shares during the last quarter. BNP Paribas Financial Markets grew its stake in GDS by 51.0% in the 1st quarter. BNP Paribas Financial Markets now owns 185,137 shares of the company’s stock worth $1,231,000 after acquiring an additional 62,521 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of GDS by 47.9% during the first quarter. Pinnacle Associates Ltd. now owns 83,502 shares of the company’s stock worth $555,000 after purchasing an additional 27,038 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in GDS in the fourth quarter valued at $292,000. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

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.