GDS (NASDAQ:GDS) Trading Down 6.2%

Shares of GDS Holdings Limited (NASDAQ:GDS) fell 6.2% during trading on Friday . The company traded as low as $6.27 and last traded at $6.32. 349,303 shares were traded during trading, a decline of 80% from the average session volume of 1,781,753 shares. The stock had previously closed at $6.74.

Wall Street Analyst Weigh In

A number of brokerages have commented on GDS. JPMorgan Chase & Co. reduced their target price on shares of GDS from $12.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. StockNews.com raised shares of GDS to a “sell” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, GDS presently has a consensus rating of “Hold” and an average target price of $15.69.

GDS Trading Down 9.3 %

The firm has a market capitalization of $1.16 billion, a P/E ratio of -1.83 and a beta of 0.40. The stock’s 50-day simple moving average is $6.90 and its two-hundred day simple moving average is $8.40. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.32 and a quick ratio of 1.52.

Hedge Funds Weigh In On GDS

A number of hedge funds have recently modified their holdings of the company. Barclays PLC boosted its position 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 acquiring an additional 1,653 shares during the last quarter. 1832 Asset Management L.P. bought a new position in shares of GDS during the fourth quarter worth $41,000. PNC Financial Services Group Inc. boosted its position in shares of GDS by 23.5% during the second quarter. PNC Financial Services Group Inc. now owns 4,720 shares of the company’s stock worth $52,000 after acquiring an additional 897 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of GDS during the fourth quarter worth $53,000. Finally, Advisor Group Holdings Inc. boosted its position 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 acquiring an additional 1,163 shares during the last quarter. 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.