Qudian (NYSE:QD) Reaches New 52-Week High - Here's Why

Key Points

• Qudian Inc. reached a new 52-week high of $4.54 during trading, closing at $4.47, with a trading volume of 529,635 shares.
• Recent analyst upgrades have positively impacted Qudian, with Wall Street Zen changing its rating from "sell" to "hold," and UBS upgrading it to a "buy" rating.
• The company's market capitalization is $734.64 million, with a PE ratio of 18.15 and a significant net margin of 170.45%.

Shares of Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $4.54 and last traded at $4.47, with a volume of 529635 shares. The stock had previously closed at $4.10.

Wall Street Analyst Weigh In

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

Qudian Stock Up 6.2%

The stock has a market cap of $734.64 million, a PE ratio of 18.15 and a beta of 0.69. The business has a 50 day moving average price of $3.30 and a 200 day moving average price of $2.95.

Qudian (NYSE:QD - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.26 EPS for the quarter. Qudian had a return on equity of 2.79% and a net margin of 170.45%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in Qudian in the first quarter worth 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 worth $448,000 after buying an additional 3,793 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Qudian during the first quarter worth $30,000. XTX Topco Ltd purchased a new position in shares of Qudian during the first quarter worth $128,000. Finally, Asset Management One Co. Ltd. boosted its position in shares of 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 buying an additional 8,991 shares during the period. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

Qudian Company Profile

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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