GDS (NASDAQ:GDS) Trading 4.2% Higher – Still a Buy?

GDS Holdings Limited (NASDAQ:GDS)’s stock price shot up 4.2% during mid-day trading on Friday . The stock traded as high as $21.63 and last traded at $21.52. 270,784 shares were traded during trading, a decline of 82% from the average session volume of 1,533,990 shares. The stock had previously closed at $20.65.

Analyst Ratings Changes

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 target price on shares of GDS in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, GDS presently has a consensus rating of “Moderate Buy” and an average price target of $18.47.

GDS Price Performance

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The stock’s 50 day moving average price is $20.82 and its two-hundred day moving average price is $16.74. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of -7.31 and a beta of 0.18.

Institutional Investors Weigh In On GDS

Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after purchasing an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of GDS in the third quarter worth about $64,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of GDS during the 2nd quarter worth about $108,000. Signaturefd LLC raised its stake in shares of GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after acquiring an additional 1,215 shares in the last quarter. Finally, Brookfield Corp ON acquired a new stake in GDS in the 3rd quarter worth approximately $171,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

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.