GDS (NASDAQ:GDS) Reaches New 12-Month Low – Here’s Why

GDS Holdings (NASDAQ:GDS) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $21.95 and last traded at $22.6530, with a volume of 243,062 shares trading hands. The stock had previously closed at $23.57.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research report on Sunday, October 18th. Raymond James Financial reiterated a “strong-buy” rating and set a $51.00 price objective on shares of GDS in a research report on Tuesday, September 1st. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research note on Thursday, August 13th. Finally, Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.12.

GDS Stock Performance

The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.78 and a current ratio of 1.78. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 10.35 and a beta of 0.42. The firm has a 50-day simple moving average of $30.43 and a two-hundred day simple moving average of $34.08.

GDS (NASDAQ:GDS) last released its earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share (EPS) for the quarter. The firm had revenue of $454.51 million during the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%. On average, sell-side analysts anticipate that GDS Holdings will post 2.23 EPS for the current fiscal year.

Institutional Trading of GDS

Institutional investors have recently modified their holdings of the business. Carrhae Capital LLP raised its stake in GDS by 51.1% in the 2nd quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock valued at $99,112,000 after purchasing an additional 1,115,757 shares during the last quarter. Bank of America Corp DE lifted its holdings in GDS by 25.5% in the 1st quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock valued at $87,723,000 after purchasing an additional 442,414 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of GDS during the 1st quarter worth about $68,092,000. Hsbc Holdings PLC boosted its stake in shares of GDS by 294.4% during the 1st quarter. Hsbc Holdings PLC now owns 1,220,693 shares of the company’s stock worth $48,746,000 after purchasing an additional 911,191 shares during the last quarter. Finally, Electron Capital Partners LLC grew its holdings in shares of GDS by 640.6% during the first quarter. Electron Capital Partners LLC now owns 780,979 shares of the company’s stock worth $31,466,000 after buying an additional 675,531 shares in the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Company Profile

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 and other enterprises that require secure, scalable and highly connected computing facilities.

Its services include colocation, managed hosting, cloud connectivity, network services, disaster recovery and other data center solutions. GDS operates carrier-neutral facilities designed to support customers’ mission-critical information technology systems and connect them with telecommunications carriers, cloud platforms and internet exchanges.

Founded in 2001 and headquartered in Shanghai, GDS has built its primary presence in China and has expanded internationally through its GDS International business, with operations and development activities in selected markets across Southeast Asia.