Qudian (NYSE:QD) Shares Up 9.7% - Here's Why

Key Points

• Qudian Inc. shares increased by 9.7% during mid-day trading on Monday, reaching up to $4.36 with a trading volume of 709,944 shares, significantly higher than the average.
• Analysts have recently upgraded Qudian's ratings, with UBS Group assigning a "buy" rating and Wall Street Zen moving it from "sell" to "hold."
• Qudian reported earnings of $0.12 per share and revenues of $3.55 million for the last quarter, with a notable net margin of 170.45%.

Shares of Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report) shot up 9.7% during mid-day trading on Monday . The company traded as high as $4.36 and last traded at $4.34. 709,944 shares were traded during trading, an increase of 35% from the average session volume of 525,617 shares. The stock had previously closed at $3.95.

Analysts Set New Price Targets

A number of brokerages recently issued reports on QD. 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 note on Friday, June 6th.

Qudian Trading Up 9.7%

The stock has a 50-day simple moving average of $3.17 and a two-hundred day simple moving average of $2.91. The firm has a market capitalization of $731.27 million, a P/E ratio of 18.06 and a beta of 0.69.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of Qudian in the 1st quarter worth $70,000. Invesco Ltd. grew its stake in Qudian by 2.3% during the 1st quarter. Invesco Ltd. now owns 166,372 shares of the company's stock worth $448,000 after buying an additional 3,793 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Qudian during the 1st quarter worth $30,000. XTX Topco Ltd purchased a new position in Qudian during the 1st quarter worth $128,000. Finally, Asset Management One Co. Ltd. grew its stake in Qudian by 32.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 36,769 shares of the company's stock worth $99,000 after buying an additional 8,991 shares during the last quarter. 8.10% of the stock is owned by 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.

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