GDS Holdings Limited (GDS, Financial) experienced a significant stock price surge of 5.00%, reaching $21.42 per share, with a trading volume of 1.04145 million shares and a turnover rate of 0.54%. The stock's amplitude was recorded at 5.59%.
Recent financial reports reveal that GDS achieved $390 million in revenue, with a net loss of $31.17 million. The earnings per share (EPS) stood at -$0.18, and gross profit totaled $74.32 million, resulting in a price-to-earnings (P/E) ratio of -6.74.
All 18 rating institutions unanimously recommended a buy for GDS shares, with no hold or sell ratings.
Within the Information Technology Services sector, where GDS operates, the overall fall was 0.79%. Noteworthy performers included JFU, Cantaloupe, Inc., and GDS, which saw significant gains. Ttec Holdings, Inc., Applied Digital Corporation, and Perficient, Inc. were also active, with turnover rates of 3.62%, 3.49%, and 1.71%, respectively. Major fluctuations were observed in JFU, Globl Mofy, and Applied Digital Corporation, with amplitudes of 32.23%, 19.05%, and 10.67%, respectively.
GDS Holdings Limited was founded in 2001, initially as an IT services provider before shifting focus to data centers in 2010. The company currently develops and operates data centers in China and has started expanding into Southeast Asia. GDS offers hosting and management services mainly to large-scale cloud service clients occupying extensive areas or entire data centers on long-term contracts. GDS listed on NASDAQ in 2016 and completed a secondary listing in Hong Kong in 2020.
