GDS (NASDAQ:GDS) Trading Down 4.4%

GDS Holdings Limited (NASDAQ:GDS)’s share price was down 4.4% during trading on Wednesday . The stock traded as low as $5.85 and last traded at $5.88. Approximately 1,110,896 shares were traded during trading, a decline of 39% from the average daily volume of 1,819,907 shares. The stock had previously closed at $6.15.

Analyst Ratings Changes

Several equities analysts recently commented on GDS shares. StockNews.com upgraded GDS to a “sell” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. cut their price objective on GDS from $12.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.69.

GDS Stock Up 5.1 %

The company has a 50-day simple moving average of $6.62 and a 200-day simple moving average of $8.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.32 and a quick ratio of 1.52.

Institutional Investors Weigh In On GDS

Hedge funds and other institutional investors have recently made changes to their positions in the company. 1832 Asset Management L.P. acquired a new stake in shares of GDS in the 4th quarter valued at $41,000. Advisor Group Holdings Inc. grew its stake in shares of GDS by 71.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,795 shares of the company’s stock worth $57,000 after purchasing an additional 1,163 shares during the period. Barclays PLC grew its stake in shares of GDS by 132.8% during the second quarter. Barclays PLC now owns 2,898 shares of the company’s stock worth $32,000 after purchasing an additional 1,653 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of GDS by 294.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,043 shares of the company’s stock worth $83,000 after purchasing an additional 3,019 shares during the period. Finally, Ethic Inc. acquired a new stake in shares of GDS during the first quarter worth $218,000. 33.71% of the stock is owned by institutional investors and hedge funds.

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.