GDS (NASDAQ:GDS) Sets New 12-Month Low – Here’s What Happened

GDS Holdings (NASDAQ:GDS) shares reached a new 52-week low during trading on Thursday. The company traded as low as $21.02 and last traded at $20.71, with a volume of 1,013,705 shares. The stock had previously closed at $23.37.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Raymond James Financial reiterated a “strong-buy” rating and set a $51.00 target price on shares of GDS in a research note on Tuesday, September 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a research note on Thursday, August 13th. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a report on Sunday, October 18th. Finally, Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.40.

GDS Price Performance

The company has a fifty day simple moving average of $28.34 and a two-hundred day simple moving average of $35.91. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.78 and a current ratio of 1.78. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 10.40 and a beta of 0.47.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. The company had revenue of $454.51 million for the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%. As a group, research analysts anticipate that GDS Holdings will post 2.23 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. CenterBook Partners LP boosted its holdings in GDS by 69.6% in the third quarter. CenterBook Partners LP now owns 25,926 shares of the company’s stock valued at $810,000 after acquiring an additional 10,635 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in GDS during the third quarter worth about $695,000. Profund Advisors LLC purchased a new position in shares of GDS in the 3rd quarter worth about $224,000. Vise Technologies Inc. raised its holdings in shares of GDS by 44.8% in the 3rd quarter. Vise Technologies Inc. now owns 26,753 shares of the company’s stock worth $835,000 after purchasing an additional 8,272 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of GDS by 264.8% in the 2nd quarter. Tidal Investments LLC now owns 88,097 shares of the company’s stock valued at $2,646,000 after purchasing an additional 63,945 shares in the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

About GDS

GDS Holdings Limited (NASDAQ: GDS) is a developer and operator of data centers. The company provides data center infrastructure and related services to cloud service providers, internet companies, financial institutions and other enterprises that require secure, scalable and highly connected computing facilities.

Its services include colocation, managed hosting, cloud connectivity, network services, disaster recovery and other data center solutions. GDS operates carrier-neutral facilities designed to support customers’ mission-critical information technology systems and connect them with telecommunications carriers, cloud platforms and internet exchanges.

Founded in 2001 and headquartered in Shanghai, GDS has built its primary presence in China and has expanded internationally through its GDS International business, with operations and development activities in selected markets across Southeast Asia.