GDS (NASDAQ:GDS) Stock Price Up 5.1% – Time to Buy?

GDS Holdings Limited (NASDAQ:GDS) was up 5.1% on Friday . The stock traded as high as $21.81 and last traded at $21.74. Approximately 67,361 shares traded hands during trading, a decline of 96% from the average daily volume of 1,607,607 shares. The stock had previously closed at $20.69.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GDS shares. Bank of America lifted their price objective on shares of GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Nomura Securities raised shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. Finally, Royal Bank of Canada increased their price target on shares of GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.29.

GDS Stock Performance

The stock’s 50 day moving average price is $19.02 and its two-hundred day moving average price is $12.68. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.39 and a current ratio of 1.39.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Wednesday, August 21st. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.07. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. The firm had revenue of $388.92 million for the quarter, compared to the consensus estimate of $384.14 million. As a group, equities research analysts expect that GDS Holdings Limited will post -1.14 earnings per share for the current fiscal year.

Institutional Trading of GDS

Several large investors have recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after buying an additional 1,215 shares in the last quarter. Blue Trust Inc. raised its position in GDS by 1,558.3% during the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after acquiring an additional 2,353 shares during the last quarter. Creative Planning lifted its holdings in shares of GDS by 10.3% in the second quarter. Creative Planning now owns 99,850 shares of the company’s stock valued at $928,000 after purchasing an additional 9,332 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of GDS in the second quarter valued at approximately $108,000. Finally, Quadrature Capital Ltd purchased a new position in shares of GDS during the 4th quarter worth approximately $107,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Company Profile

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.