GDS (NASDAQ:GDS) Shares Gap Down – Time to Sell?

GDS Holdings Limited (NASDAQ:GDS)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $38.78, but opened at $37.88. GDS shares last traded at $35.39, with a volume of 945,397 shares.

Analyst Ratings Changes

GDS has been the subject of a number of research analyst reports. Jefferies Financial Group cut shares of GDS from a “buy” rating to a “hold” rating and lifted their target price for the company from $27.06 to $45.00 in a research note on Monday, February 24th. StockNews.com lowered GDS from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Raymond James raised their target price on GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a research note on Monday, January 27th. Finally, JMP Securities initiated coverage on shares of GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.23.

GDS Stock Down 8.5 %

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 firm has a market cap of $6.76 billion, a P/E ratio of -11.60 and a beta of 0.07. The business has a fifty day moving average of $30.24 and a 200 day moving average of $23.73.

Institutional Trading of GDS

A number of hedge funds have recently modified their holdings of GDS. Public Employees Retirement System of Ohio bought a new position in GDS during the third quarter worth about $64,000. PNC Financial Services Group Inc. grew its position in shares of GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after purchasing an additional 672 shares during the period. Wells Fargo & Company MN increased its stake in GDS by 1,904.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock worth $90,000 after purchasing an additional 3,599 shares in the last quarter. Blue Trust Inc. raised its holdings in GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after buying an additional 3,053 shares during the period. Finally, Brookfield Corp ON bought a new position in GDS in the third quarter valued at approximately $171,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

About GDS

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.