Shares of Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 4,436,502 shares changed hands during mid-day trading, an increase of 791% from the previous session's volume of 497,865 shares.The stock last traded at $3.04 and had previously closed at $2.85.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. UBS Group raised shares of Qudian to a "buy" rating in a report on Friday, June 6th. Wall Street Zen raised Qudian from a "sell" rating to a "hold" rating in a report on Friday, June 6th.
Get Our Latest Report on Qudian
Qudian Price Performance
The firm has a market capitalization of $515.35 million, a PE ratio of 12.69 and a beta of 0.64. The firm has a 50-day simple moving average of $2.85 and a 200-day simple moving average of $2.80.
Qudian (NYSE:QD - Get Free Report) last issued its quarterly earnings data on Friday, May 30th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $3.55 million during the quarter. Qudian had a net margin of 170.45% and a return on equity of 2.79%.
Institutional Investors Weigh In On Qudian
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in Qudian in the 1st quarter worth approximately $70,000. Invesco Ltd. lifted its holdings in shares of Qudian by 2.3% in the 1st 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. bought a new stake in shares of Qudian in the 1st quarter valued at about $30,000. XTX Topco Ltd bought a new position in Qudian in the first quarter worth about $128,000. Finally, Asset Management One Co. Ltd. boosted its position in shares of Qudian by 32.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 36,769 shares of the company's stock worth $99,000 after purchasing an additional 8,991 shares in the last quarter. 8.10% of the stock is owned by hedge funds and other institutional investors.
About Qudian
(
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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