GDS (NASDAQ:GDS) Trading Down 7.7% – Should You Sell?

GDS Holdings Limited (NASDAQ:GDS) fell 7.7% on Friday . The stock traded as low as $26.53 and last traded at $26.61. 325,741 shares were traded during trading, a decline of 76% from the average session volume of 1,354,735 shares. The stock had previously closed at $28.84.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada restated an “outperform” rating and set a $26.00 target price on shares of GDS in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, GDS presently has an average rating of “Moderate Buy” and a consensus target price of $18.47.

GDS Stock Down 7.2 %

The firm has a market cap of $5.10 billion, a PE ratio of -8.77 and a beta of 0.13. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s 50-day moving average price is $21.58 and its two-hundred day moving average price is $17.89.

Institutional Trading of GDS

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its position in GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after purchasing an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of GDS in the third quarter valued at about $64,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of GDS during the 2nd quarter worth approximately $108,000. Signaturefd LLC boosted its position in GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after purchasing an additional 1,215 shares in the last quarter. Finally, Brookfield Corp ON purchased a new stake in shares of GDS in the 3rd quarter worth about $171,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.