GDS Holdings Ltd – (GDS) Downgraded by BidaskClub to Hold

BidaskClub downgraded shares of GDS Holdings Ltd – (NYSE:GDS) from a buy rating to a hold rating in a research note released on Thursday.

Separately, Royal Bank Of Canada reaffirmed a buy rating and set a $14.00 price target on shares of GDS Holdings Ltd – in a research note on Friday, July 7th.

GDS Holdings Ltd – (GDS) traded up 3.41% during midday trading on Thursday, hitting $15.45. The stock had a trading volume of 641,472 shares. The stock’s market capitalization is $1.47 billion. GDS Holdings Ltd – has a 52 week low of $7.54 and a 52 week high of $16.55. The company’s 50 day moving average price is $12.43 and its 200-day moving average price is $12.43.

GDS Holdings Ltd – (NYSE:GDS) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The business had revenue of $336.21 million during the quarter, compared to analyst estimates of $316.05 million. GDS Holdings Ltd – had a negative net margin of 22.52% and a negative return on equity of 10.40%. The firm’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($5.32) earnings per share. Equities analysts anticipate that GDS Holdings Ltd – will post ($0.44) earnings per share for the current fiscal year.

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About GDS Holdings Ltd –

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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