Shares of GDS Holdings Limited (NASDAQ:GDS - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 1,672,977 shares changed hands during mid-day trading, an increase of 7% from the previous session's volume of 1,569,148 shares.The stock last traded at $23.14 and had previously closed at $26.75.
Analysts Set New Price Targets
Separately, Royal Bank of Canada reiterated an "outperform" rating and issued a $26.00 target price on shares of GDS in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, GDS has an average rating of "Moderate Buy" and an average price target of $18.47.
Get Our Latest Stock Analysis on GDS
GDS Stock Down 18.2 %
The firm has a market cap of $4.17 billion, a P/E ratio of -7.18 and a beta of 0.13. The business's fifty day moving average price is $21.61 and its two-hundred day moving average price is $18.04. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25.
Institutional Investors Weigh In On GDS
Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC grew its stake 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 buying an additional 1,215 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of 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 period. BNP Paribas Financial Markets grew its holdings in GDS by 1.4% during the third quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company's stock valued at $3,721,000 after purchasing an additional 2,543 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in GDS during the 3rd quarter worth $64,000. Finally, Centiva Capital LP raised its position in shares of GDS by 49.5% during the third quarter. Centiva Capital LP now owns 23,479 shares of the company's stock worth $479,000 after purchasing an additional 7,772 shares during the period. 33.71% of the stock is owned by institutional investors and hedge funds.
About GDS
(
Get Free Report)
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.
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