GDS (NASDAQ:GDS) Shares Gap Down - Should You Sell?

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $25.66, but opened at $25.11. GDS shares last traded at $24.65, with a volume of 178,731 shares changing hands.

Wall Street Analyst Weigh In

GDS has been the topic of a number of research analyst reports. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 price target on the stock in a report on Tuesday, March 18th. Citigroup reissued an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. Royal Bank of Canada lowered GDS from an "outperform" rating to a "sector perform" rating and upped their target price for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th. Finally, Raymond James upgraded GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price on the stock in a report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, GDS currently has a consensus rating of "Buy" and a consensus target price of $39.48.

GDS Stock Down 2.9%

The company has a market cap of $4.75 billion, a P/E ratio of -8.18 and a beta of 0.28. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a fifty day moving average price of $24.33 and a two-hundred day moving average price of $26.03.

GDS (NASDAQ:GDS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.70. The firm had revenue of $375.14 million for the quarter, compared to the consensus estimate of $2.72 billion. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.96) EPS. On average, research analysts expect that GDS Holdings Limited will post -0.89 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group increased its position in shares of GDS by 2,390.0% during the 1st quarter. Brooklyn Investment Group now owns 996 shares of the company's stock valued at $25,000 after purchasing an additional 956 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in GDS during the first quarter worth about $25,000. NewEdge Advisors LLC bought a new stake in GDS in the first quarter worth about $25,000. Summit Securities Group LLC bought a new stake in GDS in the first quarter worth about $26,000. Finally, PNC Financial Services Group Inc. boosted its stake in GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after acquiring an additional 672 shares during 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.