GDS Holdings Limited (NASDAQ:GDS - Get Free Report)'s share price traded down 7.7% on Friday . The company traded as low as $26.53 and last traded at $26.61. 325,741 shares were traded during mid-day trading, a decline of 76% from the average session volume of 1,354,735 shares. The stock had previously closed at $28.84.
Analysts Set New Price Targets
Separately, Royal Bank of Canada reiterated an "outperform" rating and set a $26.00 price target on shares of GDS in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.47.
Check Out Our Latest Stock Analysis on GDS
GDS Trading Down 7.2 %
The business's fifty day moving average price is $21.47 and its 200 day moving average price is $17.71. The company has a market cap of $5.10 billion, a price-to-earnings ratio of -8.77 and a beta of 0.13. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19.
Hedge Funds Weigh In On GDS
A number of hedge funds have recently bought and sold shares of GDS. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in GDS in the third quarter valued at $27,212,000. Farallon Capital Management LLC increased its stake in GDS by 72.7% in the second quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company's stock valued at $11,391,000 after purchasing an additional 516,133 shares in the last quarter. Luxor Capital Group LP bought a new stake in GDS in the third quarter valued at $9,993,000. Baupost Group LLC MA increased its stake in GDS by 63.5% in the second quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company's stock valued at $39,482,000 after purchasing an additional 1,649,952 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in GDS in the third quarter valued at $544,000. Institutional investors own 33.71% of the company's stock.
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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