GDS (NASDAQ:GDS) Reaches New 1-Year High – Here’s Why

GDS Holdings Limited (NASDAQ:GDS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $26.20 and last traded at $25.08, with a volume of 283209 shares changing hands. The stock had previously closed at $24.05.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reiterated an “outperform” rating and set a $26.00 price objective on shares of GDS in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.47.

GDS Stock 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 firm has a market capitalization of $5.04 billion, a PE ratio of -8.68 and a beta of 0.18. The firm’s 50-day moving average price is $21.19 and its two-hundred day moving average price is $17.56.

Institutional Trading of GDS

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of GDS by 1,558.3% during the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after buying an additional 2,353 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in GDS in the 3rd quarter worth about $64,000. Signaturefd LLC boosted its position in GDS by 17.3% during the 3rd 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 period. Brookfield Corp ON purchased a new position in GDS during the 3rd quarter valued at about $171,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of GDS in the 2nd quarter valued at about $108,000. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Company Profile

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.