Qudian (NYSE:QD) Sees Strong Trading Volume - Here's Why

Key Points

• Qudian Inc. experienced a significant increase in trading volume, with 1,121,348 shares traded, up 160% from the previous session.
• The stock was upgraded by UBS Group to a "buy" rating, while Wall Street Zen upgraded to a "hold" rating on June 6th.
• Qudian reported a quarterly earnings per share (EPS) of $0.12, with a net margin of 170.45% and revenue of $3.55 million.

Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 1,121,348 shares traded hands during mid-day trading, an increase of 160% from the previous session's volume of 431,045 shares.The stock last traded at $3.79 and had previously closed at $3.48.

Analyst Upgrades and Downgrades

QD has been the subject of several analyst reports. UBS Group raised Qudian to a "buy" rating in a research note on Friday, June 6th. Wall Street Zen raised Qudian from a "sell" rating to a "hold" rating in a research note on Friday, June 6th.

Qudian Trading Up 0.2%

The company has a market capitalization of $683.19 million, a PE ratio of 16.93 and a beta of 0.63. The stock has a fifty day simple moving average of $3.09 and a 200-day simple moving average of $2.87.

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

Institutional Trading of Qudian

Large investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its position in Qudian by 12.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,242,435 shares of the company's stock worth $3,504,000 after purchasing an additional 140,517 shares during the period. Two Sigma Investments LP grew its holdings in Qudian by 28.5% during 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 grew its holdings in Qudian by 44.5% during 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. boosted its holdings in shares of Qudian by 609.9% during the fourth quarter. Oasis Management Co Ltd. now owns 197,875 shares of the company's stock worth $558,000 after purchasing an additional 170,000 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings 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 purchasing an additional 3,793 shares during the last quarter. 8.10% of the stock is owned by institutional investors and hedge funds.

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.