GDS (NASDAQ:GDS) Sets New 52-Week Low – What’s Next?

GDS Holdings (NASDAQ:GDS) shares reached a new 52-week low on Thursday. The stock traded as low as $18.80 and last traded at $19.62, with a volume of 554,299 shares. The stock had previously closed at $22.62.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Sunday, October 18th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $51.00 price target on shares of GDS in a research report on Tuesday, September 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.40.

GDS Trading Down 14.6%

The firm’s 50-day moving average price is $27.74 and its 200 day moving average price is $35.61. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 8.79 and a beta of 0.47. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.22.

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 company had revenue of $454.51 million for the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. As a group, equities analysts expect that GDS Holdings will post 2.23 EPS for the current year.

Institutional Investors Weigh In On GDS

Several hedge funds and other institutional investors have recently bought and sold shares of GDS. Carrhae Capital LLP boosted its position in shares of GDS by 51.1% during the 2nd quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock worth $99,112,000 after purchasing an additional 1,115,757 shares in the last quarter. Bank of America Corp DE increased its position 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 buying an additional 442,414 shares in the last quarter. WCM Investment Management LLC bought a new stake in GDS in the 1st quarter valued at about $68,092,000. Hsbc Holdings PLC increased its position in GDS by 294.4% in the 1st quarter. Hsbc Holdings PLC now owns 1,220,693 shares of the company’s stock valued at $48,746,000 after buying an additional 911,191 shares in the last quarter. Finally, Electron Capital Partners LLC raised its stake in GDS by 640.6% during the 1st 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 during the period. 33.71% of the stock is owned by institutional investors.

About GDS

GDS Holdings Limited is a data center developer and operator that provides facilities and services for businesses with substantial computing and data-storage needs. Its offerings include data center space, power and cooling infrastructure, colocation, and related managed services and connectivity. The company serves cloud service providers, large internet companies, financial institutions, telecommunications providers, and other enterprises. Its data centers are designed to support customers’ critical IT systems and connect them with network and cloud providers.