GDS (NASDAQ:GDS) Shares Gap Up – Should You Buy?

GDS Holdings Limited (NASDAQ:GDS)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $25.68, but opened at $26.93. GDS shares last traded at $26.35, with a volume of 676,565 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GDS shares. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research note on Monday, January 27th. JMP Securities initiated coverage on GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $26.00 price target on shares of GDS in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $22.60.

GDS Stock Performance

The company has a market capitalization of $4.94 billion, a PE ratio of -8.51 and a beta of 0.12. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The business has a 50 day simple moving average of $22.21 and a 200 day simple moving average of $19.38.

Institutional Trading of GDS

Several large investors have recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after buying an additional 2,353 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of GDS in the 3rd quarter valued at $64,000. Signaturefd LLC increased its stake in shares of GDS by 17.3% in the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after acquiring an additional 1,215 shares during the period. Brookfield Corp ON purchased a new position in shares of GDS during the third quarter worth $171,000. Finally, Marshall Wace LLP acquired a new position in GDS during the second quarter valued at $203,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

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.