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

Shares of 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 traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GDS. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. Raymond James upped their price target on shares of GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday. Jefferies Financial Group cut shares of 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. Royal Bank of Canada restated an “outperform” rating and issued a $26.00 price target on shares of GDS in a research report on Wednesday, January 29th. Finally, Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, GDS has an average rating of “Moderate Buy” and an average price target of $31.40.

GDS Stock Performance

The stock’s 50 day moving average price is $26.17 and its 200 day moving average price is $21.64. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $7.46 billion, a P/E ratio of -12.84 and a beta of 0.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Amiral Gestion bought a new position in GDS during the fourth quarter worth $333,000. Voloridge Investment Management LLC boosted its stake in GDS by 36.9% during the fourth quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company’s stock worth $12,383,000 after acquiring an additional 140,343 shares in the last quarter. Woodline Partners LP bought a new position in GDS during the fourth quarter worth $4,877,000. Vident Advisory LLC boosted its stake in GDS by 23.9% during the fourth quarter. Vident Advisory LLC now owns 24,390 shares of the company’s stock worth $580,000 after acquiring an additional 4,710 shares in the last quarter. Finally, Triata Capital Ltd bought a new position in GDS during the fourth quarter worth $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.