Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $3.45 and last traded at $3.34, with a volume of 1176020 shares trading hands. The stock had previously closed at $3.02.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on QD shares. 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 report on Friday, June 6th.
Check Out Our Latest Stock Analysis on Qudian
Qudian Stock Performance
The company has a market capitalization of $565.11 million, a P/E ratio of 13.96 and a beta of 0.63. The firm's fifty day moving average is $2.97 and its 200 day moving average is $2.82.
Qudian (NYSE:QD - Get Free Report) last released 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 have recently made changes to their positions in the stock. Sei Investments Co. bought a new position in shares of Qudian during the 4th quarter worth $30,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Qudian during the 1st quarter worth about $30,000. Brighton Jones LLC bought a new position in Qudian during the 4th quarter worth about $34,000. Virtu Financial LLC bought a new position in Qudian during the 1st quarter worth about $70,000. Finally, Seldon Capital LP bought a new position in Qudian during the 4th quarter worth about $92,000. 8.10% of the stock is currently owned by institutional investors.
About Qudian
(
Get Free Report)
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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