GDS Holdings Ltd – (NASDAQ:GDS) fell 8.3% on Wednesday . The stock traded as low as $23.55 and last traded at $23.79. 3,545,310 shares traded hands during mid-day trading, an increase of 152% from the average session volume of 1,404,324 shares. The stock had previously closed at $25.93.

Several brokerages have weighed in on GDS. BidaskClub raised GDS from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 15th. Raymond James began coverage on GDS in a research report on Thursday, July 12th. They issued a “strong-buy” rating and a $53.00 target price on the stock. Guggenheim began coverage on GDS in a research report on Thursday, June 14th. They issued a “buy” rating and a $50.00 target price on the stock. Zacks Investment Research lowered GDS from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Finally, Cowen began coverage on GDS in a research report on Monday, September 10th. They issued an “outperform” rating and a $45.00 target price on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $38.46.

The company has a debt-to-equity ratio of 1.78, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of -46.65 and a beta of 2.69.

GDS (NASDAQ:GDS) last issued its earnings results on Tuesday, August 14th. The company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.01). GDS had a negative return on equity of 8.53% and a negative net margin of 18.51%. The company had revenue of $96.34 million during the quarter, compared to analyst estimates of $92.48 million. As a group, research analysts predict that GDS Holdings Ltd – will post -0.41 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. SeaCrest Wealth Management LLC increased its holdings in shares of GDS by 11.3% during the second quarter. SeaCrest Wealth Management LLC now owns 19,150 shares of the company’s stock valued at $768,000 after purchasing an additional 1,950 shares during the period. Security National Trust Co. increased its holdings in shares of GDS by 100.0% during the second quarter. Security National Trust Co. now owns 4,000 shares of the company’s stock valued at $160,000 after purchasing an additional 2,000 shares during the period. Barclays PLC increased its holdings in shares of GDS by 41.6% during the first quarter. Barclays PLC now owns 10,052 shares of the company’s stock valued at $276,000 after purchasing an additional 2,952 shares during the period. Global X Management Co LLC increased its holdings in shares of GDS by 45.1% during the second quarter. Global X Management Co LLC now owns 11,822 shares of the company’s stock valued at $474,000 after purchasing an additional 3,674 shares during the period. Finally, Comerica Bank acquired a new position in shares of GDS during the second quarter valued at $234,000. 39.28% of the stock is currently owned by institutional investors.

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. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.

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