GDS (NASDAQ:GDS) Stock Price Up 7.9% – Should You Buy?

GDS Holdings (NASDAQ:GDS)’s stock price rose 7.9% during trading on Wednesday . The stock traded as high as $45.49 and last traded at $46.1210. Approximately 605,267 shares traded hands during trading, a decline of 70% from the average daily volume of 2,039,731 shares. The stock had previously closed at $42.75.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GDS shares. Raymond James Financial restated a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. Morgan Stanley restated an “overweight” rating and set a $64.00 price objective on shares of GDS in a research report on Tuesday, March 17th. Weiss Ratings downgraded GDS from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Zacks Research upgraded GDS from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 23rd. Finally, Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, GDS has an average rating of “Buy” and a consensus price target of $49.90.

GDS Price Performance

The company has a fifty day simple moving average of $42.30 and a two-hundred day simple moving average of $39.68. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.60 and a current ratio of 2.60. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 88.01 and a beta of 0.46.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Saturday, February 14th. The company reported ($0.35) earnings per share for the quarter. GDS had a net margin of 8.12% and a return on equity of 8.79%. The business had revenue of $417.60 million during the quarter. As a group, research analysts anticipate that GDS Holdings will post 1.16 earnings per share for the current year.

Institutional Trading of GDS

Several institutional investors have recently made changes to their positions in GDS. Advisors Asset Management Inc. purchased a new stake in shares of GDS during the 1st quarter valued at $25,000. NewEdge Advisors LLC purchased a new stake in GDS during the 1st quarter worth $25,000. Assetmark Inc. boosted its position in GDS by 1,123.2% during the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after purchasing an additional 629 shares during the period. Leonteq Securities AG purchased a new stake in GDS during the 4th quarter worth $34,000. Finally, Hantz Financial Services Inc. boosted its position in GDS by 165.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock worth $53,000 after purchasing an additional 850 shares during the period. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Company Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.