GDS (NASDAQ:GDS) Shares Down 7.7% – Should You Sell?

GDS Holdings Limited (NASDAQ:GDS) shares traded down 7.7% during trading on Friday . The stock traded as low as $26.53 and last traded at $26.61. 325,741 shares were traded during trading, a decline of 76% from the average session volume of 1,354,735 shares. The stock had previously closed at $28.84.

Analyst Ratings Changes

Separately, Royal Bank of Canada restated an “outperform” rating and set a $26.00 price target on shares of GDS in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, GDS currently has an average rating of “Moderate Buy” and a consensus price target of $18.47.

GDS Price Performance

The stock has a market cap of $5.13 billion, a price-to-earnings ratio of -8.83 and a beta of 0.13. The stock’s 50 day moving average price is $21.47 and its two-hundred day moving average price is $17.71. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25.

Institutional Trading of GDS

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in GDS by 7,553.4% during the third quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock worth $12,461,000 after acquiring an additional 602,840 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of GDS in the third quarter valued at $842,000. Geode Capital Management LLC boosted its holdings in GDS by 20.5% during the 3rd quarter. Geode Capital Management LLC now owns 77,057 shares of the company’s stock valued at $1,572,000 after acquiring an additional 13,121 shares during the period. Public Employees Retirement System of Ohio acquired a new position in GDS in the 3rd quarter valued at about $64,000. Finally, Luxor Capital Group LP purchased a new stake in GDS during the third quarter worth about $9,993,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

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.