LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $6.32, but opened at $7.00. LexinFintech shares last traded at $7.22, with a volume of 2,108,024 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen lowered LexinFintech from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th.
Get Our Latest Stock Analysis on LX
LexinFintech Stock Performance
The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.21 billion, a P/E ratio of 6.76 and a beta of 0.41. The stock has a fifty day moving average of $7.45 and a 200-day moving average of $7.91.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 EPS for the quarter. LexinFintech had a return on equity of 12.52% and a net margin of 9.44%. The firm had revenue of $427.76 million during the quarter.
Hedge Funds Weigh In On LexinFintech
Hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC acquired a new stake in shares of LexinFintech during the 2nd quarter valued at $75,000. Ballentine Partners LLC bought a new stake in LexinFintech in the 2nd quarter valued at about $86,000. Acadian Asset Management LLC increased its holdings in LexinFintech by 16.6% during the 1st quarter. Acadian Asset Management LLC now owns 4,669,331 shares of the company's stock worth $47,092,000 after purchasing an additional 663,330 shares in the last quarter. Bayforest Capital Ltd bought a new position in shares of LexinFintech in the first quarter valued at approximately $278,000. Finally, Caxton Associates LLP bought a new position in shares of LexinFintech in the first quarter valued at approximately $518,000.
LexinFintech Company Profile
(
Get Free Report)
LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.
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