Qudian (NYSE:QD - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Friday.
Separately, UBS Group raised shares of Qudian to a "buy" rating in a report on Friday.
Check Out Our Latest Report on QD
Qudian Stock Down 1.2%
Shares of NYSE QD traded down $0.04 during trading on Friday, reaching $2.96. 135,771 shares of the company traded hands, compared to its average volume of 503,189. The firm has a 50 day simple moving average of $2.70 and a 200-day simple moving average of $2.79. The stock has a market capitalization of $498.48 million, a PE ratio of 73.88 and a beta of 0.58. Qudian has a 52-week low of $1.52 and a 52-week high of $3.34.
Qudian (NYSE:QD - Get Free Report) last announced its quarterly earnings results on Friday, May 30th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $3.55 million for the quarter. Qudian had a net margin of 18.32% and a return on equity of 0.36%.
Hedge Funds Weigh In On Qudian
A number of institutional investors and hedge funds have recently made changes to their positions in QD. Sei Investments Co. purchased a new position in shares of Qudian in the fourth quarter worth approximately $30,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Qudian during the first quarter valued at approximately $30,000. Brighton Jones LLC purchased a new position in Qudian during the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. purchased a new position in Qudian during the fourth quarter valued at approximately $57,000. Finally, Virtu Financial LLC purchased a new position in Qudian during the first quarter valued at approximately $70,000. Hedge funds and other institutional investors own 8.10% of the company's stock.
Qudian Company Profile
(
Get Free Report)
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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