GDS (NASDAQ:GDS) Trading Down 4.4%

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

Analyst Upgrades and Downgrades

GDS has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday. StockNews.com upgraded shares of GDS to a “sell” rating in a research report on Thursday, March 21st. 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.69.

GDS Stock Performance

The firm’s 50 day moving average price is $6.62 and its 200-day moving average price is $8.73. The company has a quick ratio of 1.52, a current ratio of 1.32 and a debt-to-equity ratio of 1.92.

Institutional Investors Weigh In On GDS

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Aviva PLC boosted its stake in GDS by 1.0% in the 1st quarter. Aviva PLC now owns 41,580 shares of the company’s stock worth $1,632,000 after purchasing an additional 400 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of GDS by 1.8% during the 1st quarter. California State Teachers Retirement System now owns 31,818 shares of the company’s stock valued at $1,249,000 after purchasing an additional 572 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of GDS by 23.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,720 shares of the company’s stock valued at $52,000 after purchasing an additional 897 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of GDS by 6.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,464 shares of the company’s stock valued at $646,000 after purchasing an additional 946 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of GDS by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 17,000 shares of the company’s stock valued at $187,000 after purchasing an additional 1,000 shares in the last quarter. 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.