Qudian (NYSE:QD) Reaches New 1-Year High - Here's Why

Key Points

• Qudian Inc. reached a new 52-week high of $3.52, with a last trading price of $3.51 and a trading volume of over 205,000 shares.
• Analysts have upgraded Qudian's stock rating, with Wall Street Zen moving it from "sell" to "hold" and UBS Group giving it a "buy" rating.
• Qudian reported earnings of $0.12 per share and a revenue of $3.55 million for the last quarter, with a remarkable net margin of 170.45%.

Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $3.52 and last traded at $3.51, with a volume of 205844 shares. The stock had previously closed at $3.36.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on QD. UBS Group upgraded Qudian to a "buy" rating in a research report on Friday, June 6th. Wall Street Zen upgraded Qudian from a "sell" rating to a "hold" rating in a report on Friday, June 6th.

Qudian Stock Down 2.2%

The stock has a 50 day simple moving average of $3.14 and a 200 day simple moving average of $2.89. The stock has a market cap of $666.33 million, a price-to-earnings ratio of 16.46 and a beta of 0.68.

Qudian (NYSE:QD - Get Free Report) last announced its quarterly earnings data on Friday, May 30th. The company reported $0.12 EPS for the quarter. Qudian had a return on equity of 2.79% and a net margin of 170.45%. The firm had revenue of $3.55 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of Qudian during the first quarter valued at approximately $70,000. Invesco Ltd. boosted its position in shares of Qudian by 2.3% during the first quarter. Invesco Ltd. now owns 166,372 shares of the company's stock valued at $448,000 after buying an additional 3,793 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Qudian during the first quarter worth $30,000. XTX Topco Ltd bought a new stake in Qudian during the first quarter worth $128,000. Finally, Asset Management One Co. Ltd. lifted its holdings in Qudian by 32.4% during the first quarter. Asset Management One Co. Ltd. now owns 36,769 shares of the company's stock worth $99,000 after acquiring an additional 8,991 shares during the period. Hedge funds and other institutional investors 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.