GDS Holdings Ltd – (NASDAQ:GDS) was up 9.2% during mid-day trading on Wednesday . The stock traded as high as $38.63 and last traded at $38.01. Approximately 1,439,351 shares changed hands during trading, an increase of 36% from the average daily volume of 1,056,187 shares. The stock had previously closed at $34.82.

Several equities research analysts have recently issued reports on GDS shares. BidaskClub downgraded shares of GDS from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th. Credit Suisse Group set a $42.00 price objective on shares of GDS and gave the stock a “buy” rating in a research report on Tuesday, March 19th. TheStreet raised shares of GDS from a “d” rating to a “c-” rating in a research report on Wednesday, March 13th. Finally, Zacks Investment Research downgraded shares of GDS from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.75.

The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.87 and a current ratio of 2.22. The stock has a market capitalization of $4.46 billion, a PE ratio of -73.63 and a beta of 3.18.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $888.42 million. During the same period in the prior year, the company earned ($0.71) EPS. The firm’s revenue was up 58.6% on a year-over-year basis. On average, equities analysts anticipate that GDS Holdings Ltd – will post -0.42 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. SeaBridge Investment Advisors LLC boosted its holdings in GDS by 100.0% during the first quarter. SeaBridge Investment Advisors LLC now owns 1,000 shares of the company’s stock worth $36,000 after purchasing an additional 500 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in GDS by 77.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,692 shares of the company’s stock worth $96,000 after purchasing an additional 1,175 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in GDS during the first quarter worth $124,000. Cowen Prime Services LLC acquired a new position in GDS during the first quarter worth $143,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in GDS during the first quarter worth $166,000. Institutional investors and hedge funds own 54.07% of the company’s stock.

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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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