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 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.
Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter.