GDS (NASDAQ:GDS) Shares Gap Down – Time to Sell?

GDS Holdings Limited (NASDAQ:GDS) shares gapped down prior to trading on Tuesday . The stock had previously closed at $23.49, but opened at $21.45. GDS shares last traded at $20.39, with a volume of 578,109 shares changing hands.

Analyst Ratings Changes

GDS has been the topic of a number of research reports. Nomura Securities raised GDS to a “strong-buy” rating in a report on Monday, August 26th. Bank of America raised their price target on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Finally, Royal Bank of Canada boosted their price objective on shares of GDS from $14.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.29.

GDS Stock Down 5.6 %

The stock has a 50-day moving average of $21.00 and a 200 day moving average of $14.57. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $3.54 billion, a P/E ratio of -5.79 and a beta of 0.23.

GDS (NASDAQ:GDS) last issued its earnings results on Wednesday, August 21st. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.07. The company had revenue of $388.92 million during the quarter, compared to analysts’ expectations of $384.14 million. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. Research analysts anticipate that GDS Holdings Limited will post -1.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GDS. Blue Trust Inc. raised its stake in 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 acquiring an additional 2,353 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in GDS during the 3rd quarter worth approximately $64,000. Signaturefd LLC lifted its stake in 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 purchasing an additional 1,215 shares during the last quarter. Brookfield Corp ON acquired a new stake in GDS in the third quarter valued at approximately $171,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of GDS during the second quarter worth $108,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

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.