GDS (NASDAQ:GDS) Sees Large Volume Increase – Here’s What Happened

GDS Holdings Limited (NASDAQ:GDS) shares saw unusually-strong trading volume on Monday . Approximately 1,672,977 shares were traded during mid-day trading, an increase of 7% from the previous session’s volume of 1,569,148 shares.The stock last traded at $23.14 and had previously closed at $26.75.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reiterated an “outperform” rating and set a $26.00 price target on shares of GDS in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.47.

GDS Price Performance

The stock’s 50-day moving average is $21.58 and its two-hundred day moving average is $17.95. The stock has a market cap of $4.17 billion, a PE ratio of -7.18 and a beta of 0.13. 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

A number of hedge funds have recently made changes to their positions in GDS. Blue Trust Inc. grew its holdings in shares of GDS by 1,558.3% during the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after purchasing an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in GDS in the 3rd quarter valued at about $64,000. Signaturefd LLC raised its stake in 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 acquiring an additional 1,215 shares during the last quarter. Brookfield Corp ON purchased a new position in shares of GDS in the 3rd quarter valued at approximately $171,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of GDS in the second quarter valued at approximately $108,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

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.