GDS (GDS) Shares Gap Up to $35.58

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GDS Holdings Ltd – (NASDAQ:GDS)’s share price gapped up prior to trading on Friday . The stock had previously closed at $34.66, but opened at $35.58. GDS shares last traded at $35.88, with a volume of 7857903 shares traded.

GDS has been the subject of a number of research reports. TheStreet raised GDS from a “d” rating to a “c-” rating in a research note on Wednesday. BidaskClub raised GDS from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Finally, Zacks Investment Research raised GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $40.38.

The company has a market cap of $4.16 billion, a P/E ratio of -70.35 and a beta of 3.25. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.94.

GDS (NASDAQ:GDS) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). GDS had a negative net margin of 17.19% and a negative return on equity of 7.97%. The firm had revenue of $829.52 million for the quarter, compared to the consensus estimate of $822.31 million. During the same period in the previous year, the company posted ($0.12) earnings per share. GDS’s quarterly revenue was up 64.1% on a year-over-year basis. On average, equities analysts anticipate that GDS Holdings Ltd – will post -0.47 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in shares of GDS by 4.5% in the 4th quarter. Bank of Montreal Can now owns 18,515 shares of the company’s stock valued at $428,000 after purchasing an additional 797 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of GDS by 10.9% in the 4th quarter. Xact Kapitalforvaltning AB now owns 11,200 shares of the company’s stock valued at $259,000 after purchasing an additional 1,100 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of GDS by 8.8% in the 4th quarter. APG Asset Management N.V. now owns 24,700 shares of the company’s stock valued at $499,000 after purchasing an additional 2,000 shares during the last quarter. Barclays PLC lifted its stake in shares of GDS by 3.6% in the 4th quarter. Barclays PLC now owns 85,396 shares of the company’s stock valued at $1,972,000 after purchasing an additional 2,996 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of GDS by 42.8% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,874 shares of the company’s stock valued at $248,000 after purchasing an additional 3,557 shares during the last quarter. 46.69% of the stock is owned by institutional investors and hedge funds.

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About GDS (NASDAQ:GDS)

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.

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