GDS (NASDAQ:GDS) Cut to Sell at StockNews.com

GDS (NASDAQ:GDS - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.

Several other equities research analysts have also recently issued reports on the stock. Citizens Jmp upgraded shares of GDS to a "strong-buy" rating in a research report on Monday, January 27th. Jefferies Financial Group downgraded shares of GDS from a "buy" rating to a "hold" rating and increased their price objective for the company from $27.06 to $45.00 in a report on Monday, February 24th. JMP Securities initiated coverage on GDS in a report on Monday, January 27th. They issued an "outperform" rating and a $35.00 target price on the stock. Daiwa Capital Markets raised GDS from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada downgraded GDS from an "outperform" rating to a "sector perform" rating and lifted their price objective for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.23.

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GDS Price Performance

Shares of NASDAQ GDS traded up $3.60 during mid-day trading on Friday, reaching $35.44. The company's stock had a trading volume of 6,962,564 shares, compared to its average volume of 3,529,815. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. GDS has a 52 week low of $5.85 and a 52 week high of $52.50. The stock has a fifty day moving average of $28.34 and a two-hundred day moving average of $22.75. The firm has a market capitalization of $6.75 billion, a PE ratio of -11.62 and a beta of 0.06.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GDS. Amiral Gestion purchased a new position in shares of GDS during the 4th quarter worth about $333,000. Voloridge Investment Management LLC lifted its stake in shares of GDS by 36.9% during the 4th quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company's stock worth $12,383,000 after acquiring an additional 140,343 shares during the last quarter. Woodline Partners LP bought a new position in GDS in the 4th quarter valued at $4,877,000. Vident Advisory LLC increased its stake in GDS by 23.9% in the fourth quarter. Vident Advisory LLC now owns 24,390 shares of the company's stock worth $580,000 after purchasing an additional 4,710 shares during the period. Finally, Triata Capital Ltd bought a new stake in shares of GDS during the fourth quarter worth $41,472,000. Institutional investors 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.