GDS (NASDAQ:GDS) Shares Gap Down to $8.74

GDS Holdings Limited (NASDAQ:GDS)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $8.74, but opened at $8.55. GDS shares last traded at $8.59, with a volume of 132,304 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently commented on GDS. JPMorgan Chase & Co. cut their price objective on GDS from $12.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. StockNews.com raised shares of GDS to a “sell” rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.69.

GDS Stock Down 2.9 %

The firm has a market cap of $1.54 billion, a PE ratio of -2.42 and a beta of 0.31. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.32 and a current ratio of 1.32. The company’s 50-day simple moving average is $7.24 and its two-hundred day simple moving average is $8.02.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Tuesday, March 26th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.23). The firm had revenue of $360.07 million for the quarter, compared to the consensus estimate of $363.21 million. GDS had a negative net margin of 43.25% and a negative return on equity of 8.89%. On average, analysts predict that GDS Holdings Limited will post -1.18 earnings per share for the current fiscal year.

Institutional Trading of GDS

Several large investors have recently bought and sold shares of GDS. Cerity Partners LLC bought a new stake in GDS during the fourth quarter worth about $13,928,000. Goldman Sachs Group Inc. boosted its position in shares of GDS by 16.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock worth $49,289,000 after purchasing an additional 773,378 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of GDS in the 4th quarter worth approximately $6,952,000. Massachusetts Financial Services Co. MA increased its position in GDS by 76.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,630,386 shares of the company’s stock valued at $17,853,000 after buying an additional 707,149 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in GDS by 258.1% during the fourth quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock valued at $5,551,000 after buying an additional 438,661 shares during the last quarter. 33.71% of the stock is owned by institutional investors.

About GDS

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.