Qudian (NYSE:QD) Sets New 52-Week High - Here's What Happened

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) shares hit a new 52-week high on Monday . The company 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.

Wall Street Analyst Weigh In

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

Qudian Stock Performance

The stock's 50-day moving average price is $3.23 and its 200-day moving average price is $2.93. The company has a market capitalization of $695.85 million, a price-to-earnings ratio of 17.19 and a beta of 0.69.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QD. Oasis Management Co Ltd. raised 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 buying an additional 170,000 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Qudian in the 4th quarter worth approximately $442,000. Marshall Wace LLP raised its holdings 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 acquiring an additional 84,532 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Qudian by 28.5% during the 4th 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 during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Qudian during the first quarter worth $128,000. 8.10% of the stock is currently 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.