Qudian (NYSE:QD) Sets New 52-Week High - Time to Buy?

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%.

Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $4.54 and last traded at $4.47, with a volume of 529635 shares traded. The stock had previously closed at $4.10.

Analyst Upgrades and Downgrades

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

Qudian Trading Up 7.7%

The firm's fifty day simple moving average is $3.43 and its 200 day simple moving average is $3.00. The company has a market cap of $848.51 million, a price-to-earnings ratio of 11.70 and a beta of 0.69.

Qudian (NYSE:QD - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $0.49 million during the quarter. Qudian had a net margin of 388.27% and a return on equity of 4.65%.

Institutional Trading of Qudian

A number of institutional investors have recently bought and sold shares of QD. Oasis Management Co Ltd. increased its holdings in shares of Qudian by 609.9% in the 4th quarter. Oasis Management Co Ltd. now owns 197,875 shares of the company's stock valued at $558,000 after acquiring an additional 170,000 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Qudian in the fourth quarter valued at approximately $442,000. Marshall Wace LLP increased its stake in Qudian by 44.5% in the fourth quarter. Marshall Wace LLP now owns 274,308 shares of the company's stock valued at $774,000 after purchasing an additional 84,532 shares during the last quarter. Two Sigma Investments LP raised its holdings in Qudian by 28.5% during the fourth quarter. Two Sigma Investments LP now owns 302,316 shares of the company's stock worth $853,000 after purchasing an additional 67,014 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Qudian during the 1st quarter worth approximately $128,000. 8.10% of the stock is 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.