Shares of Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report) saw unusually-high trading volume on Friday . Approximately 4,436,502 shares traded hands during 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.
Analysts Set New Price Targets
QD has been the topic of a number of recent analyst reports. 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 report on Friday, June 6th.
Check Out Our Latest Stock Report on QD
Qudian Trading Up 0.6%
The firm has a market cap of $524.63 million, a P/E ratio of 12.96 and a beta of 0.64. The company has a fifty day moving average price of $2.86 and a two-hundred day moving average price of $2.79.
Qudian (NYSE:QD - Get Free Report) last released its quarterly earnings data on Friday, May 30th. The company reported $0.12 earnings per share for the quarter. Qudian had a return on equity of 2.79% and a net margin of 170.45%. The business had revenue of $3.55 million for the quarter.
Institutional Investors Weigh In On Qudian
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its position in Qudian by 12.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,242,435 shares of the company's stock valued at $3,504,000 after buying an additional 140,517 shares during the last quarter. Two Sigma Investments LP raised its position in Qudian by 28.5% in the 4th quarter. Two Sigma Investments LP now owns 302,316 shares of the company's stock valued at $853,000 after buying an additional 67,014 shares during the last quarter. Marshall Wace LLP raised its position in Qudian by 44.5% in the 4th quarter. Marshall Wace LLP now owns 274,308 shares of the company's stock valued at $774,000 after buying an additional 84,532 shares during the last quarter. Oasis Management Co Ltd. raised its position in 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 buying an additional 170,000 shares during the last quarter. Finally, Invesco Ltd. raised its position in Qudian by 2.3% in the 1st 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. Institutional investors and hedge funds own 8.10% of the company's stock.
About Qudian
(
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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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