Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report) traded up 9.7% during trading on Monday . The stock traded as high as $4.36 and last traded at $4.34. 709,944 shares changed hands during mid-day trading, an increase of 35% from the average session volume of 525,617 shares. The stock had previously closed at $3.95.
Analyst Upgrades and Downgrades
Several research analysts have recently commented 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.
Get Our Latest Research Report on Qudian
Qudian Stock Performance
The business's 50 day simple moving average is $3.23 and its 200-day simple moving average is $2.93. The stock has a market capitalization of $714.40 million, a price-to-earnings ratio of 17.65 and a beta of 0.69.
Qudian (NYSE:QD - Get Free Report) last posted its earnings results on Friday, May 30th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $3.55 million during the quarter. Qudian had a net margin of 170.45% and a return on equity of 2.79%.
Institutional Trading of Qudian
A number of hedge funds and other institutional investors have recently made changes to their positions in QD. Brighton Jones LLC bought a new stake in shares of Qudian during the 4th quarter worth about $34,000. Sei Investments Co. bought a new stake in shares of Qudian during the 4th quarter worth about $30,000. JPMorgan Chase & Co. bought a new stake in shares of Qudian during the 4th quarter worth about $442,000. Russell Investments Group Ltd. raised its position in shares of Qudian by 88.0% during the 4th quarter. Russell Investments Group Ltd. now owns 49,555 shares of the company's stock worth $142,000 after buying an additional 23,198 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Qudian by 44.5% during the 4th quarter. Marshall Wace LLP now owns 274,308 shares of the company's stock worth $774,000 after buying an additional 84,532 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors.
Qudian Company Profile
(
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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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