Qudian (NYSE:QD) Hits New 12-Month High - Here's Why

Key Points

• Qudian Inc. (NYSE:QD) shares reached a new 52-week high of $4.10, closing at $4.01 with a trading volume of 1,178,745 shares.
• Analyst upgrades include UBS Group shifting its rating for Qudian to "buy," while Wall Street Zen raised its rating from "sell" to "hold."
• The company reported a quarterly revenue of $3.55 million and an EPS of $0.12, with a robust net margin of 170.45% for the last quarter.

Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $4.10 and last traded at $4.01, with a volume of 1178745 shares changing hands. The stock had previously closed at $4.04.

Analyst Upgrades and Downgrades

Several research firms have issued reports on QD. UBS Group raised 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.

Qudian Stock Up 2.7%

The company has a fifty day simple moving average of $3.26 and a 200-day simple moving average of $2.94. The firm has a market cap of $710.18 million, a P/E ratio of 17.54 and a beta of 0.69.

Qudian (NYSE:QD - Get Free Report) last released its quarterly earnings results on Friday, May 30th. The company reported $0.12 earnings per share (EPS) 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 during the quarter.

Hedge Funds Weigh In On Qudian

Several large investors have recently made changes to their positions in the business. Two Sigma Investments LP lifted its position in shares of Qudian by 28.5% in the fourth quarter. Two Sigma Investments LP now owns 302,316 shares of the company's stock valued at $853,000 after acquiring an additional 67,014 shares in the last quarter. Marshall Wace LLP lifted its position in shares of 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 acquiring an additional 84,532 shares in the last quarter. Oasis Management Co Ltd. lifted its position in shares of Qudian by 609.9% in the fourth 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 in the last quarter. Invesco Ltd. lifted its position in shares of Qudian by 2.3% in the first quarter. Invesco Ltd. now owns 166,372 shares of the company's stock valued at $448,000 after acquiring an additional 3,793 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Qudian in the fourth quarter valued at about $442,000. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

About Qudian

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.