GDS (NASDAQ:GDS) Trading Down 6.2%

Shares of GDS Holdings Limited (NASDAQ:GDS - Get Free Report) traded down 6.2% on Friday . The company traded as low as $6.27 and last traded at $6.32. 349,303 shares changed hands 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 Analysts Forecast Growth

Several research firms recently issued reports on GDS. StockNews.com upgraded GDS to a "sell" rating in a report on Thursday, March 21st. JPMorgan Chase & Co. dropped their target price on GDS from $12.00 to $7.00 and set a "neutral" rating on the stock in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, GDS currently has an average rating of "Hold" and a consensus price target of $15.69.

GDS Stock Performance

The company has a market cap of $1.16 billion, a P/E ratio of -1.83 and a beta of 0.40. The company has a quick ratio of 1.52, a current ratio of 1.32 and a debt-to-equity ratio of 1.92. The stock has a 50 day moving average price of $6.90 and a two-hundred day moving average price of $8.41.

Institutional Investors Weigh In On GDS

A number of large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in GDS by 16.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company's stock worth $49,289,000 after buying an additional 773,378 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of GDS by 26.1% in the 1st quarter. Bank of America Corp DE now owns 1,970,537 shares of the company's stock valued at $36,770,000 after purchasing an additional 407,742 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of GDS by 1.3% in the 4th quarter. Cerity Partners LLC now owns 1,891,807 shares of the company's stock valued at $39,009,000 after purchasing an additional 24,010 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of GDS by 4.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,696,842 shares of the company's stock valued at $15,475,000 after purchasing an additional 66,456 shares in the last quarter. Finally, Toronado Partners LLC boosted its holdings in shares of GDS by 56.9% in the 1st quarter. Toronado Partners LLC now owns 839,688 shares of the company's stock valued at $32,958,000 after purchasing an additional 304,363 shares in the last quarter. Institutional investors and hedge funds 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.