Qudian (NYSE:QD) Sets New 52-Week High - Still a Buy?

Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $3.50 and last traded at $3.50, with a volume of 121466 shares changing hands. The stock had previously closed at $3.39.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. UBS Group upgraded 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 report on Friday, June 6th.

Qudian Stock Performance

The stock has a market capitalization of $544.19 million, a price-to-earnings ratio of 13.44 and a beta of 0.63. The company has a fifty day simple moving average of $3.00 and a 200 day simple moving average of $2.83.

Qudian (NYSE:QD - Get Free Report) last announced its earnings results on Friday, May 30th. The company reported $0.12 EPS for the quarter. The firm 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 hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. bought a new stake in Qudian during the 4th quarter valued at $30,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Qudian in the first quarter valued at approximately $30,000. Brighton Jones LLC bought a new position in shares of Qudian in the fourth quarter valued at approximately $34,000. Virtu Financial LLC bought a new position in shares of Qudian in the first quarter valued at approximately $70,000. Finally, Seldon Capital LP bought a new position in shares of Qudian in the fourth quarter valued at approximately $92,000. 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.