Qudian (NYSE:QD) Posts Earnings Results

Key Points

• Qudian (NYSE:QD) reported a quarterly earnings per share (EPS) of $0.26 and a net margin of 170.45%.
• The stock's trading volume reached 1,009,571 shares, significantly higher than its average volume of 508,266, and it is currently priced at $4.32.
• Analysts upgraded Qudian's rating, with Wall Street Zen moving it from a "sell" to a "hold" and UBS Group giving it a "buy" rating.

Qudian (NYSE:QD - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.26 EPS for the quarter, Zacks reports. Qudian had a return on equity of 2.79% and a net margin of 170.45%.

Qudian Price Performance

QD stock traded up $0.22 during trading hours on Wednesday, reaching $4.32. The stock had a trading volume of 1,009,571 shares, compared to its average volume of 508,266. The stock has a market capitalization of $728.74 million, a PE ratio of 18.00 and a beta of 0.69. The stock has a 50-day simple moving average of $3.33 and a 200 day simple moving average of $2.96. Qudian has a fifty-two week low of $1.64 and a fifty-two week high of $4.54.

Wall Street Analyst Weigh In

QD has been the topic of several research analyst reports. Wall Street Zen raised Qudian from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. UBS Group raised shares of Qudian to a "buy" rating in a research note on Friday, June 6th.

Hedge Funds Weigh In On Qudian

A hedge fund recently bought a new stake in Qudian stock. Brighton Jones LLC acquired a new stake in Qudian Inc. - Sponsored ADR (NYSE:QD - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,000 shares of the company's stock, valued at approximately $34,000. Institutional investors and hedge funds own 8.10% of the company's stock.

About Qudian

Qudian Inc operates as a consumer-oriented technology company in the People's Republic of China. The company engages in the operation of online platforms to provide small consumer credit products. It also provides technology development and services; research and development services; and delivery services.

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