GDS (NASDAQ:GDS) Stock Price Down 7.7% - Should You Sell?

Shares of GDS Holdings Limited (NASDAQ:GDS - Get Free Report) traded down 7.7% on Friday . The company traded as low as $22.53 and last traded at $23.16. 849,883 shares traded hands during trading, a decline of 60% from the average session volume of 2,136,652 shares. The stock had previously closed at $25.09.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Daiwa Capital Markets reaffirmed a "buy" rating on shares of GDS in a research report on Wednesday. Jefferies Financial Group upgraded shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective on the stock in a research note on Tuesday, March 18th. Wall Street Zen upgraded shares of GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Citigroup reiterated an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. Finally, Royal Bank of Canada lowered shares of GDS from an "outperform" rating to a "sector perform" rating and lifted their price objective for the company from $26.00 to $37.00 in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $39.48.

GDS Trading Down 5.8%

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The business's 50 day moving average is $24.44 and its 200-day moving average is $26.02. The firm has a market cap of $4.50 billion, a P/E ratio of -7.75 and a beta of 0.28.

GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $375.14 million during the quarter, compared to analyst estimates 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 was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.96) earnings per share. As a group, analysts forecast that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

Institutional Trading of GDS

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after purchasing an additional 672 shares during the last quarter. Brooklyn Investment Group increased its stake in GDS by 2,390.0% during the first 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. bought a new stake in GDS during the first quarter valued at $25,000. NewEdge Advisors LLC bought a new stake in GDS during the first quarter valued at $25,000. Finally, Summit Securities Group LLC bought a new stake in GDS during the first quarter valued at $26,000. 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.