GDS (NASDAQ:GDS) Trading Down 7.7% – What’s Next?

GDS Holdings Limited (NASDAQ:GDS)’s share price fell 7.7% during trading on Friday . The company traded as low as $26.53 and last traded at $26.61. 325,741 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 1,354,735 shares. The stock had previously closed at $28.84.

Wall Street Analyst Weigh In

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

GDS Trading Down 6.6 %

The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The company has a market cap of $5.13 billion, a P/E ratio of -8.83 and a beta of 0.13. The stock’s 50 day moving average is $21.47 and its 200-day moving average is $17.71.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its position 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 bought a new position in shares of GDS during the third quarter valued at approximately $64,000. Vanguard Personalized Indexing Management LLC purchased a new stake in GDS during the second quarter worth $108,000. Signaturefd LLC increased its holdings in shares of GDS by 17.3% in 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 period. Finally, Brookfield Corp ON purchased a new stake in shares of GDS during the 3rd quarter worth $171,000. 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.