GDS (NASDAQ:GDS) Trading Down 4.5% - Time to Sell?

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) dropped 4.5% on Friday . The stock traded as low as $21.86 and last traded at $22.02. Approximately 151,046 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,872,014 shares. The stock had previously closed at $23.05.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citizens Jmp raised shares of GDS to a "strong-buy" rating in a research note on Monday, January 27th. Royal Bank of Canada reiterated an "outperform" rating and issued a $26.00 price objective on shares of GDS in a report on Wednesday, January 29th. StockNews.com upgraded GDS from a "sell" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, JMP Securities started coverage on shares of GDS in a research note on Monday, January 27th. They issued an "outperform" rating and a $35.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, GDS has an average rating of "Buy" and an average price target of $22.60.

GDS Price Performance

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The business's 50-day simple moving average is $21.92 and its 200-day simple moving average is $19.23. The stock has a market cap of $4.97 billion, a PE ratio of -8.55 and a beta of 0.12.

Institutional Trading of GDS

Several large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position 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 worth $51,000 after purchasing an additional 2,353 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of GDS during the 3rd quarter worth approximately $64,000. Signaturefd LLC raised its position in shares of GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company's stock worth $168,000 after acquiring an additional 1,215 shares in the last quarter. Brookfield Corp ON bought a new stake in shares of GDS during the third quarter valued at approximately $171,000. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new stake in GDS in the third quarter worth $245,000. 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.