Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $5.08 and last traded at $5.03, with a volume of 1413755 shares. The stock had previously closed at $4.67.
Wall Street Analyst Weigh In
Several research firms recently weighed in on QD. Wall Street Zen upgraded Qudian from a "sell" rating to a "hold" rating in a report on Friday, June 6th. UBS Group upgraded Qudian to a "buy" rating in a report on Friday, June 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy".
Read Our Latest Research Report on Qudian
Qudian Stock Performance
The company has a fifty day moving average of $3.58 and a two-hundred day moving average of $3.06. The company has a market cap of $795.37 million, a PE ratio of 10.97 and a beta of 0.69.
Qudian (NYSE:QD - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $0.49 million for the quarter. Qudian had a return on equity of 4.65% and a net margin of 388.27%.
Hedge Funds Weigh In On Qudian
Several hedge funds have recently bought and sold shares of the business. Invesco Ltd. grew its position in Qudian by 2.3% in the 1st quarter. Invesco Ltd. now owns 166,372 shares of the company's stock valued at $448,000 after acquiring an additional 3,793 shares during the last quarter. Bank of America Corp DE grew its position in Qudian by 17.1% in the 4th quarter. Bank of America Corp DE now owns 54,351 shares of the company's stock valued at $153,000 after acquiring an additional 7,951 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Qudian by 32.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 36,769 shares of the company's stock valued at $99,000 after acquiring an additional 8,991 shares during the last quarter. BNP Paribas Financial Markets grew its position in Qudian by 31.7% in the 4th quarter. BNP Paribas Financial Markets now owns 37,671 shares of the company's stock valued at $106,000 after acquiring an additional 9,070 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Qudian in the 1st quarter valued at $30,000. Institutional investors own 8.10% of the company's stock.
Qudian Company Profile
(
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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