GDS (NASDAQ:GDS) Sees Unusually-High Trading Volume

Shares of GDS Holdings Limited (NASDAQ:GDS) saw strong trading volume on Tuesday . 1,497,420 shares traded hands during mid-day trading, a decline of 12% from the previous session’s volume of 1,704,009 shares.The stock last traded at $6.67 and had previously closed at $8.37.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of GDS to a “sell” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, GDS presently has an average rating of “Hold” and a consensus target price of $18.58.

GDS Stock Up 2.9 %

The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.96. The company has a 50 day simple moving average of $6.62 and a two-hundred day simple moving average of $8.74.

Institutional Trading of GDS

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. E Fund Management Hong Kong Co. Ltd. grew its holdings in GDS by 136.0% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 52,305 shares of the company’s stock valued at $1,807,000 after buying an additional 30,138 shares in the last quarter. Advisor Group Holdings Inc. increased its position in GDS by 109.9% in the first quarter. Advisor Group Holdings Inc. now owns 3,434 shares of the company’s stock worth $178,000 after purchasing an additional 1,798 shares during the last quarter. Bank of New York Mellon Corp increased its position in GDS by 9.1% in the first quarter. Bank of New York Mellon Corp now owns 100,944 shares of the company’s stock worth $3,963,000 after purchasing an additional 8,426 shares during the last quarter. US Bancorp DE raised its stake in GDS by 33.4% during the first quarter. US Bancorp DE now owns 8,407 shares of the company’s stock valued at $331,000 after purchasing an additional 2,106 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in GDS by 41.7% during the first quarter. Bank of Montreal Can now owns 41,246 shares of the company’s stock valued at $1,742,000 after purchasing an additional 12,134 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors.

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.