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

GDS Holdings Limited (NASDAQ:GDS) gapped down before the market opened on Monday . The stock had previously closed at $44.76, but opened at $40.41. GDS shares last traded at $38.23, with a volume of 2,985,563 shares changing hands.

Analyst Ratings Changes

GDS has been the topic of a number of recent research reports. Jefferies Financial Group cut GDS from a “buy” rating to a “hold” rating and upped their price target for the company from $27.06 to $45.00 in a research report on Monday. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. JMP Securities initiated coverage on GDS in a research note on Monday, January 27th. They set an “outperform” rating and a $35.00 price objective on the stock. Daiwa Capital Markets upgraded GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada downgraded shares of GDS from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $26.00 to $37.00 in a report on Tuesday. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.23.

GDS Price Performance

The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $7.54 billion, a PE ratio of -12.91 and a beta of 0.12. The business’s 50 day moving average is $26.94 and its two-hundred day moving average is $22.03.

Institutional Trading of GDS

A number of hedge funds have recently made changes to their positions in GDS. Amiral Gestion bought a new position in GDS in the fourth quarter valued at $333,000. Voloridge Investment Management LLC increased its position in shares of GDS by 36.9% during the 4th quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company’s stock valued at $12,383,000 after purchasing an additional 140,343 shares during the last quarter. Woodline Partners LP purchased a new position in shares of GDS during the 4th quarter valued at about $4,877,000. Vident Advisory LLC lifted its position in GDS by 23.9% in the 4th quarter. Vident Advisory LLC now owns 24,390 shares of the company’s stock worth $580,000 after buying an additional 4,710 shares during the last quarter. Finally, Triata Capital Ltd purchased a new stake in GDS in the fourth quarter worth approximately $41,472,000. 33.71% of the stock is owned by institutional investors.

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.