GDS (NASDAQ:GDS) Stock Price Down 5.7%

GDS Holdings Limited (NASDAQ:GDS) dropped 5.7% during mid-day trading on Tuesday . The stock traded as low as $11.07 and last traded at $11.10. Approximately 136,149 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 1,027,799 shares. The stock had previously closed at $11.77.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $13.00 target price on shares of GDS in a research note on Monday, August 28th. StockNews.com started coverage on GDS in a research note on Thursday, October 5th. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, GDS currently has a consensus rating of “Hold” and a consensus price target of $29.92.

GDS Price Performance

The stock’s fifty day moving average price is $10.65 and its 200-day moving average price is $11.27. The firm has a market cap of $2.07 billion, a PE ratio of -10.86 and a beta of 0.62. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.25 and a quick ratio of 1.25.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Tuesday, August 22nd. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.10. The firm had revenue of $340.91 million for the quarter, compared to analyst estimates of $347.02 million. GDS had a negative net margin of 12.72% and a negative return on equity of 5.34%. As a group, equities analysts expect that GDS Holdings Limited will post -1.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Aviva PLC grew its holdings in shares of GDS by 1.0% in the first quarter. Aviva PLC now owns 41,580 shares of the company’s stock valued at $1,632,000 after purchasing an additional 400 shares during the period. California State Teachers Retirement System increased its holdings in shares of GDS by 1.8% during the 1st quarter. California State Teachers Retirement System now owns 31,818 shares of the company’s stock worth $1,249,000 after buying an additional 572 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in GDS by 5.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,479 shares of the company’s stock valued at $233,000 after acquiring an additional 658 shares during the last quarter. PNC Financial Services Group Inc. grew its position in GDS by 23.5% in the second quarter. PNC Financial Services Group Inc. now owns 4,720 shares of the company’s stock worth $52,000 after acquiring an additional 897 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in GDS by 6.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,464 shares of the company’s stock worth $646,000 after acquiring an additional 946 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

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.