Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report) shares reached 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 changing hands. The stock had previously closed at $4.67.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Qudian from a "sell" rating to a "hold" rating in a report on Friday, June 6th. UBS Group raised shares of Qudian to a "buy" rating in a report on Friday, June 6th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy".
Check Out Our Latest Research Report on QD
Qudian Price Performance
The company's 50 day moving average price is $3.55 and its two-hundred day moving average price is $3.04. The stock has a market capitalization of $795.37 million, a PE ratio of 10.97 and a beta of 0.69.
Qudian (NYSE:QD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.26 earnings per share for the quarter. The firm had revenue of $0.49 million for the quarter. Qudian had a net margin of 388.27% and a return on equity of 4.65%.
Institutional Investors Weigh In On Qudian
Several hedge funds and other institutional investors have recently bought and sold shares of QD. Oasis Management Co Ltd. increased its position in Qudian by 609.9% during the fourth quarter. Oasis Management Co Ltd. now owns 197,875 shares of the company's stock worth $558,000 after purchasing an additional 170,000 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Qudian during the fourth quarter worth about $442,000. Marshall Wace LLP increased its position in shares of Qudian by 44.5% during 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 during the last quarter. Two Sigma Investments LP increased its position in shares of Qudian by 28.5% during 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 during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Qudian during the first quarter valued at about $128,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.
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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