GDS (GDS) Trading 7.5% Higher
GDS Holdings Ltd – (NASDAQ:GDS)’s share price traded up 7.5% during trading on Monday . The stock traded as high as $28.24 and last traded at $28.08. 662,000 shares changed hands during trading, a decline of 38% from the average session volume of 1,060,879 shares. The stock had previously closed at $26.11.
GDS has been the subject of a number of research reports. BidaskClub raised shares of GDS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 16th. Credit Suisse Group cut shares of GDS from a “neutral” rating to an “underperform” rating and set a $23.10 price target for the company. in a research note on Friday, January 26th. They noted that the move was a valuation call. Finally, Royal Bank of Canada boosted their price target on shares of GDS to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 13th.
The company has a debt-to-equity ratio of 1.75, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $3,530.00 and a P/E ratio of -47.59.
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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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