GDS (NASDAQ:GDS) Sets New 1-Year High – Time to Buy?

GDS Holdings Limited (NASDAQ:GDS)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $24.56 and last traded at $24.48, with a volume of 1223807 shares trading hands. The stock had previously closed at $21.30.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GDS. Royal Bank of Canada boosted their price objective on shares of GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Bank of America boosted their price objective on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Finally, Nomura Securities raised shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.29.

GDS Trading Down 3.8 %

The firm’s 50-day moving average price is $20.25 and its 200 day moving average price is $13.75. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Wednesday, August 21st. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.07. The business had revenue of $388.92 million for the quarter, compared to analyst estimates of $384.14 million. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. Equities analysts anticipate that GDS Holdings Limited will post -1.14 EPS for the current fiscal year.

Institutional Trading of GDS

A number of hedge funds have recently bought and sold shares of GDS. Blue Trust Inc. boosted its position in GDS by 1,558.3% during the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after acquiring an additional 2,353 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in GDS during the second quarter worth approximately $108,000. Signaturefd LLC boosted its position in GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after acquiring an additional 1,215 shares during the last quarter. Marshall Wace LLP acquired a new stake in GDS during the second quarter worth approximately $203,000. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new stake in GDS during the third quarter worth approximately $245,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

About GDS

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.