Shares of GDS Holdings Ltd – (NASDAQ:GDS) rose 11.8% during trading on Tuesday . The stock traded as high as $26.70 and last traded at $25.73. Approximately 2,680,854 shares traded hands during trading, an increase of 91% from the average daily volume of 1,403,366 shares. The stock had previously closed at $23.01.

GDS has been the subject of several research reports. SunTrust Banks started coverage on GDS in a research report on Tuesday, September 18th. They set a “buy” rating and a $46.00 price target for the company. BidaskClub raised GDS from a “hold” rating to a “buy” rating in a research note on Friday, August 24th. Zacks Investment Research raised GDS from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Monday, August 20th. Guggenheim reissued a “buy” rating and set a $52.00 price objective on shares of GDS in a research note on Thursday, August 16th. Finally, TheStreet lowered GDS from a “c” rating to a “d+” rating in a research note on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. GDS presently has a consensus rating of “Buy” and a consensus price target of $38.46.

The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of -50.45 and a beta of 3.68. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.78.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in shares of GDS by 198.4% in the 1st quarter. Royal Bank of Canada now owns 33,388 shares of the company’s stock valued at $916,000 after purchasing an additional 22,200 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in GDS during the 1st quarter worth about $671,000. Teacher Retirement System of Texas acquired a new position in GDS during the 2nd quarter worth about $482,000. BlackRock Inc. lifted its stake in GDS by 163.7% during the 2nd quarter. BlackRock Inc. now owns 2,576,962 shares of the company’s stock worth $103,310,000 after acquiring an additional 1,599,621 shares in the last quarter. Finally, Singapore Technologies Telemedia Pte Ltd lifted its stake in GDS by 19.6% during the 2nd quarter. Singapore Technologies Telemedia Pte Ltd now owns 6,625,656 shares of the company’s stock worth $265,623,000 after acquiring an additional 1,087,835 shares in the last quarter. 39.54% of the stock is currently owned by institutional investors.

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About GDS (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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