GDS (NASDAQ:GDS) Downgraded to “Sell” Rating by Wall Street Zen

GDS (NASDAQ:GDS) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently issued reports on the stock. UBS Group set a $55.00 price objective on shares of GDS in a research note on Monday, December 1st. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research note on Monday, December 29th. Morgan Stanley reissued an “overweight” rating and issued a $64.00 price target on shares of GDS in a research report on Tuesday. Finally, Raymond James Financial restated a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.90.

GDS Stock Down 7.1%

Shares of GDS stock opened at $41.38 on Friday. The stock has a market cap of $8.04 billion, a P/E ratio of 79.58 and a beta of 0.39. GDS has a one year low of $16.92 and a one year high of $48.61. The stock has a fifty day moving average price of $43.50 and a 200 day moving average price of $38.26. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.60 and a quick ratio of 2.51.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GDS. Royal Bank of Canada increased its position in shares of GDS by 30.7% during the first quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock worth $9,608,000 after acquiring an additional 89,059 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in GDS in the 1st quarter valued at $25,000. NewEdge Advisors LLC bought a new stake in GDS in the 1st quarter valued at $25,000. Summit Global Investments acquired a new position in GDS in the 2nd quarter worth $350,000. Finally, Aspex Management HK Ltd increased its holdings in GDS by 46.4% during the 2nd quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock worth $134,720,000 after purchasing an additional 1,397,073 shares in the last quarter. Institutional investors own 33.71% of the company’s stock.

About GDS

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.