GDS (NASDAQ:GDS) Hits New 12-Month Low – What’s Next?

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research report on Thursday, August 13th. Zacks Research downgraded shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a report on Sunday, October 18th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $51.00 price target on shares of GDS in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.12.

GDS Stock Performance

The stock’s 50-day moving average price is $28.78 and its 200-day moving average price is $36.08. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $4.27 billion, a P/E ratio of 9.91 and a beta of 0.47.

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

Hedge Funds Weigh In On GDS

Several institutional investors have recently made changes to their positions in the stock. WCM Investment Management LLC bought a new position in shares of GDS during the first quarter valued at approximately $68,092,000. Carrhae Capital LLP lifted its holdings in shares of GDS by 51.1% in the 2nd quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock worth $99,112,000 after purchasing an additional 1,115,757 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of GDS by 294.4% in the 1st quarter. Hsbc Holdings PLC now owns 1,220,693 shares of the company’s stock worth $48,746,000 after purchasing an additional 911,191 shares during the last quarter. Electron Capital Partners LLC lifted its holdings in shares of GDS by 640.6% in the 1st quarter. Electron Capital Partners LLC now owns 780,979 shares of the company’s stock worth $31,466,000 after purchasing an additional 675,531 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in GDS by 25.5% during the 1st quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock valued at $87,723,000 after purchasing an additional 442,414 shares during the period. 33.71% of the stock is owned by institutional investors.

GDS Company Profile

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.