GDS (NASDAQ:GDS) Stock Rating Lowered by Wall Street Zen

GDS (NASDAQ:GDS) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other brokerages have also issued reports on GDS. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a report on Thursday, August 13th. Zacks Research cut shares of GDS from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $51.00 price objective on shares of GDS in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.12.

GDS Price Performance

Shares of GDS stock opened at $30.97 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.78 and a current ratio of 1.78. GDS has a 52-week low of $26.97 and a 52-week high of $48.61. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 14.40 and a beta of 0.42. The company’s 50 day moving average price is $32.04 and its 200-day moving average price is $35.20.

GDS (NASDAQ:GDS) last issued its earnings results on Tuesday, June 30th. The company reported $0.52 EPS for the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. The company had revenue of $454.51 million for the quarter. Equities research analysts forecast that GDS will post 2.23 EPS for the current year.

Institutional Investors Weigh In On GDS

Large investors have recently made changes to their positions in the business. Tidal Investments LLC lifted its position in shares of GDS by 264.8% in the 2nd quarter. Tidal Investments LLC now owns 88,097 shares of the company’s stock worth $2,646,000 after purchasing an additional 63,945 shares during the period. BlueCrest Capital Management Ltd purchased a new position in shares of GDS during the second quarter valued at about $7,508,000. Engineers Gate Manager LP purchased a new position in shares of GDS during the second quarter valued at about $1,458,000. Carrhae Capital LLP increased its position in shares of GDS by 51.1% during the second quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock valued at $99,112,000 after buying an additional 1,115,757 shares during the period. Finally, Nykredit A S purchased a new position in shares of GDS during the second quarter valued at about $63,000. 33.71% of the stock is currently owned by institutional investors.

About GDS

GDS Holdings Limited (NASDAQ: GDS) is a developer and operator of data centers. The company provides data center infrastructure and related services to cloud service providers, internet companies, financial institutions, telecommunications carriers and multinational corporations.

Its services include wholesale and retail colocation, managed data center services, interconnection and cloud connectivity. GDS designs, builds and operates facilities intended to support customers’ critical information technology infrastructure, including cloud computing, data storage and other high-performance computing requirements.

Founded in 2001, GDS has historically focused on serving customers in China through data centers in major economic and technology centers.