GDS (NASDAQ:GDS) Shares Down 6.2% – Should You Sell?

GDS Holdings (NASDAQ:GDS)’s share price fell 6.2% during mid-day trading on Friday . The stock traded as low as $40.92 and last traded at $41.8050. 599,735 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 2,449,281 shares. The stock had previously closed at $44.55.

Analyst Upgrades and Downgrades

GDS has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $64.00 price target on shares of GDS in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. UBS Group set a $55.00 price target on shares of GDS in a report on Monday, December 1st. Wall Street Zen cut shares of GDS from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $49.90.

GDS Trading Down 7.1%

The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.51 and a current ratio of 2.60. The stock has a market capitalization of $8.04 billion, a P/E ratio of 79.58 and a beta of 0.39. The stock has a 50-day moving average price of $43.50 and a two-hundred day moving average price of $38.29.

Institutional Trading of GDS

Several large investors have recently added to or reduced their stakes in GDS. AI Squared Management Ltd raised its holdings in GDS by 793.5% in the 3rd quarter. AI Squared Management Ltd now owns 98,280 shares of the company’s stock worth $3,803,000 after purchasing an additional 87,280 shares in the last quarter. Light Street Capital Management LLC bought a new stake in shares of GDS during the 2nd quarter valued at about $21,845,000. Taikang Asset Management Hong Kong Co Ltd bought a new stake in shares of GDS during the 2nd quarter valued at about $1,681,000. Summit Global Investments purchased a new position in shares of GDS during the second quarter valued at about $350,000. Finally, Aspex Management HK Ltd increased its position in shares of GDS by 46.4% during the second quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock valued at $134,720,000 after buying an additional 1,397,073 shares during the period. Institutional investors own 33.71% of the company’s stock.

GDS Company Profile

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.