GDS (NASDAQ:GDS) Shares Gap Up – What’s Next?

Shares of GDS Holdings Limited (NASDAQ:GDS) gapped up prior to trading on Tuesday . The stock had previously closed at $25.68, but opened at $26.93. GDS shares last traded at $26.35, with a volume of 676,565 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have commented on GDS. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price target on shares of GDS in a research report on Wednesday, January 29th. StockNews.com raised GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, JMP Securities initiated coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price for the company. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $22.60.

GDS Stock Performance

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The business has a 50 day moving average price of $22.21 and a 200 day moving average price of $19.38. The stock has a market cap of $4.94 billion, a P/E ratio of -8.51 and a beta of 0.12.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new position in shares of GDS during the second quarter worth approximately $203,000. Creative Planning raised its position in GDS by 10.3% during the 2nd 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. Swedbank AB raised its position in GDS by 3.7% during the 3rd quarter. Swedbank AB now owns 338,974 shares of the company’s stock valued at $6,915,000 after purchasing an additional 12,100 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after buying an additional 2,353 shares during the period. Finally, Signaturefd LLC grew its position in shares of GDS by 17.3% during 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. Hedge funds and other institutional investors 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.