GDS (NASDAQ:GDS) Shares Gap Up to $6.11

GDS Holdings Limited (NASDAQ:GDS) shares gapped up prior to trading on Monday . The stock had previously closed at $6.11, but opened at $6.30. GDS shares last traded at $6.31, with a volume of 366,642 shares traded.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com raised GDS to a “sell” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. dropped their target price on GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.69.

GDS Trading Up 0.3 %

The company has a 50 day moving average of $6.93 and a two-hundred day moving average of $8.32. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.32. The stock has a market capitalization of $1.17 billion, a PE ratio of -1.84 and a beta of 0.40.

Institutional Trading of GDS

Several large investors have recently added to or reduced their stakes in GDS. E Fund Management Hong Kong Co. Ltd. grew its stake in GDS by 136.0% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 52,305 shares of the company’s stock valued at $1,807,000 after purchasing an additional 30,138 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of GDS by 109.9% in the first quarter. Advisor Group Holdings Inc. now owns 3,434 shares of the company’s stock worth $178,000 after buying an additional 1,798 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of GDS by 9.1% in the first quarter. Bank of New York Mellon Corp now owns 100,944 shares of the company’s stock worth $3,963,000 after buying an additional 8,426 shares during the last quarter. US Bancorp DE boosted its stake in shares of GDS by 33.4% in the first quarter. US Bancorp DE now owns 8,407 shares of the company’s stock worth $331,000 after buying an additional 2,106 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of GDS by 41.7% in the first quarter. Bank of Montreal Can now owns 41,246 shares of the company’s stock worth $1,742,000 after buying an additional 12,134 shares during the last quarter. Hedge funds and other institutional investors 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.