GDS (NASDAQ:GDS) Trading Down 4.6% – Should You Sell?

GDS Holdings Limited (NASDAQ:GDS)’s stock price fell 4.6% during trading on Friday . The stock traded as low as $35.73 and last traded at $36.71. 297,350 shares traded hands during trading, a decline of 91% from the average session volume of 3,480,404 shares. The stock had previously closed at $38.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. StockNews.com cut GDS from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Raymond James boosted their price objective on shares of GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. JMP Securities assumed coverage on GDS in a research report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price objective on the stock. Finally, Jefferies Financial Group downgraded GDS from a “buy” rating to a “hold” rating and lifted their price target for the stock from $27.06 to $45.00 in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.23.

GDS Trading Down 7.1 %

The firm has a market cap of $6.82 billion, a PE ratio of -11.73 and a beta of 0.06. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The company’s 50-day moving average is $29.40 and its 200 day moving average is $23.13.

Institutional Investors Weigh In On GDS

Several large investors have recently made changes to their positions in GDS. Public Employees Retirement System of Ohio acquired a new stake in GDS during the 3rd quarter worth $64,000. PNC Financial Services Group Inc. boosted its position in shares of GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after buying an additional 672 shares during the period. Wells Fargo & Company MN raised its position in GDS by 1,904.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after buying an additional 3,599 shares during the last quarter. Blue Trust Inc. grew its stake in shares of GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after acquiring an additional 3,053 shares in the last quarter. Finally, Brookfield Corp ON bought a new position in shares of GDS in the 3rd quarter valued at about $171,000. Institutional investors own 33.71% of the company’s stock.

About GDS

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.