GDS (GDS) Shares Gap Down to $26.18

GDS Holdings Ltd – (NASDAQ:GDS)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $26.46, but opened at $26.18. GDS shares last traded at $25.90, with a volume of 336881 shares traded.

A number of equities analysts have weighed in on GDS shares. Royal Bank of Canada increased their price target on shares of GDS to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 13th. Credit Suisse Group reaffirmed a “neutral” rating and set a $23.00 price target on shares of GDS in a research note on Wednesday, December 20th. Finally, BidaskClub downgraded shares of GDS from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th.

The stock has a market capitalization of $3,030.00 and a P/E ratio of -40.86. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.75.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Thursday, November 9th. The company reported ($0.14) earnings per share (EPS) for the quarter. GDS had a negative return on equity of 9.54% and a negative net margin of 19.71%. sell-side analysts expect that GDS Holdings Ltd – will post -0.35 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in GDS. Harvest Fund Management Co. Ltd acquired a new stake in shares of GDS in the fourth quarter worth $133,000. American Assets Capital Advisers LLC acquired a new stake in GDS during the 4th quarter valued at $13,476,000. SeaCrest Wealth Management LLC acquired a new stake in GDS during the 4th quarter valued at $273,000. CI Investments Inc. acquired a new stake in GDS during the 4th quarter valued at $9,555,000. Finally, Wells Fargo & Company MN acquired a new stake in GDS during the 4th quarter valued at $183,000. 17.86% of the stock is owned by institutional investors.

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About GDS

GDS Holdings Ltd is a developer and operator of data centers in China. The Company is engaged in design, build-out and operation of data centers. It operates as a carrier and cloud neutral, which enables its customers to connect to all the People’s Republic of China telecommunications carriers, and to access a number of the People’s Republic of China cloud service providers, whom it hosts in its facilities.

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