GDS (NASDAQ:GDS) Shares Gap Up – Should You Buy?

GDS Holdings Limited (NASDAQ:GDS)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $25.40, but opened at $26.50. GDS shares last traded at $27.54, with a volume of 305,245 shares changing hands.

Analyst Upgrades and Downgrades

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

GDS Stock Performance

The company has a market cap of $5.50 billion, a price-to-earnings ratio of -9.46 and a beta of 0.13. The stock’s fifty day simple moving average is $21.33 and its 200 day simple moving average is $17.63. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Signaturefd LLC grew its position in GDS by 17.3% in 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 period. 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. BNP Paribas Financial Markets grew its holdings in shares of GDS by 1.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock worth $3,721,000 after purchasing an additional 2,543 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of GDS during the 3rd quarter worth about $64,000. Finally, Centiva Capital LP raised its holdings in GDS by 49.5% in the 3rd quarter. Centiva Capital LP now owns 23,479 shares of the company’s stock valued at $479,000 after buying an additional 7,772 shares during the period. 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.