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

Shares of GDS Holdings Limited (NASDAQ:GDS) gapped down prior to trading on Monday . The stock had previously closed at $38.05, but opened at $36.22. GDS shares last traded at $32.55, with a volume of 2,297,608 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. JMP Securities assumed coverage on shares of GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 price target on the stock. StockNews.com downgraded GDS from a “hold” rating to a “sell” rating in a research report on Friday. Jefferies Financial Group cut GDS from a “buy” rating to a “hold” rating and raised their target price for the company from $27.06 to $45.00 in a research report on Monday, February 24th. Finally, Raymond James increased their price target on GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.23.

GDS Stock Down 15.6 %

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 stock’s fifty day simple moving average is $28.10 and its two-hundred day simple moving average is $22.61. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of -10.55 and a beta of 0.12.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GDS. PNC Financial Services Group Inc. lifted its holdings in shares of GDS by 26.8% in the fourth 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 in the last quarter. BNP Paribas Financial Markets lifted its stake in GDS by 1.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock worth $3,721,000 after acquiring an additional 2,543 shares in the last quarter. Blue Trust Inc. boosted its position 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 acquiring an additional 3,053 shares during the period. Public Employees Retirement System of Ohio purchased a new position in GDS during the 3rd quarter valued at about $64,000. Finally, Invesco Ltd. increased its holdings in shares of GDS by 4.1% in the 4th quarter. Invesco Ltd. now owns 88,423 shares of the company’s stock valued at $2,101,000 after purchasing an additional 3,481 shares during the period. Institutional investors and hedge funds own 33.71% of the company’s stock.

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.