GDS (NASDAQ:GDS) Stock Price Down 5.5% – Time to Sell?

GDS Holdings Limited (NASDAQ:GDS)’s stock price fell 5.5% on Wednesday . The stock traded as low as $21.67 and last traded at $21.60. 169,349 shares traded hands during trading, a decline of 90% from the average session volume of 1,628,168 shares. The stock had previously closed at $22.86.

Analyst Ratings Changes

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 target price on shares of GDS in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.47.

GDS Stock Down 9.6 %

The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of -6.81 and a beta of 0.13. The business’s 50-day moving average is $21.60 and its two-hundred day moving average is $18.57. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in shares of GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after purchasing an additional 1,215 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after buying an additional 2,353 shares during the period. BNP Paribas Financial Markets increased its position in shares of GDS by 1.4% during the third 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. Public Employees Retirement System of Ohio bought a new stake in GDS in the 3rd quarter valued at $64,000. Finally, Centiva Capital LP boosted its stake in GDS by 49.5% in the 3rd quarter. Centiva Capital LP now owns 23,479 shares of the company’s stock worth $479,000 after purchasing an additional 7,772 shares during the period. 33.71% of the stock is currently owned by institutional investors.

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.