GDS (GDS) Trading Down 13.1%

GDS Holdings Ltd – (NASDAQ:GDS) shares were down 13.1% on Wednesday . The company traded as low as $20.15 and last traded at $20.20. Approximately 848,500 shares were traded during mid-day trading, an increase of 113% from the average daily volume of 398,190 shares. The stock had previously closed at $23.25.

A number of research analysts have weighed in on GDS shares. BidaskClub raised shares of GDS from a “hold” rating to a “buy” rating in a research note on Thursday, October 12th. Royal Bank of Canada boosted their price objective on shares of GDS to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 13th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $23.00 price objective on shares of GDS in a research report on Wednesday, December 20th.

The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $2,094.92, a PE ratio of -42.84 and a beta of 1.58.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Thursday, November 9th. The company reported ($0.14) EPS for the quarter. GDS had a negative return on equity of 9.54% and a negative net margin of 19.71%. analysts forecast that GDS Holdings Ltd – will post -0.35 EPS for the current year.

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About GDS

GDS Holdings Ltd is a developer and operator of data centers in China. The Company is engaged in design, build-out and operation of data centers. It operates as a carrier and cloud neutral, which enables its customers to connect to all the People’s Republic of China telecommunications carriers, and to access a number of the People’s Republic of China cloud service providers, whom it hosts in its facilities.

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