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

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

Analyst Ratings Changes

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

GDS Trading Down 14.6%

The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.22. The firm has a 50 day moving average price of $27.74 and a 200 day moving average price of $35.61. The stock has a market capitalization of $3.87 billion, a PE ratio of 8.79 and a beta of 0.47.

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

Hedge Funds Weigh In On GDS

Hedge funds have recently bought and sold shares of the company. Carrhae Capital LLP boosted its holdings in 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 acquiring an additional 1,115,757 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of GDS by 25.5% in the first 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 during the last quarter. WCM Investment Management LLC purchased a new stake in shares of GDS in the first quarter valued at about $68,092,000. Hsbc Holdings PLC raised its holdings in shares of GDS by 294.4% in the first quarter. Hsbc Holdings PLC now owns 1,220,693 shares of the company’s stock valued at $48,746,000 after purchasing an additional 911,191 shares during the last quarter. Finally, Electron Capital Partners LLC lifted its position 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 valued at $31,466,000 after purchasing an additional 675,531 shares in the last quarter. 33.71% of the stock is owned by hedge funds and other 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.