Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report)'s share price was down 8% on Tuesday . The stock traded as low as $3.98 and last traded at $3.99. Approximately 374,899 shares changed hands during trading, a decline of 16% from the average daily volume of 447,365 shares. The stock had previously closed at $4.33.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Qudian from a "sell" rating to a "hold" rating in a report on Friday, June 6th. UBS Group upgraded shares of Qudian to a "buy" rating in a report on Friday, June 6th.
Read Our Latest Stock Analysis on QD
Qudian Trading Up 2.7%
The business's 50 day moving average price is $3.26 and its 200-day moving average price is $2.94. The company has a market cap of $710.18 million, a price-to-earnings ratio of 17.54 and a beta of 0.69.
Qudian (NYSE:QD - Get Free Report) last issued its quarterly earnings data on Friday, May 30th. The company reported $0.12 earnings per share for the quarter. Qudian had a net margin of 170.45% and a return on equity of 2.79%. The business had revenue of $3.55 million during the quarter.
Hedge Funds Weigh In On Qudian
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. bought a new stake in shares of Qudian during the 4th quarter valued at approximately $30,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Qudian during the 1st quarter valued at approximately $30,000. Brighton Jones LLC bought a new stake in shares of Qudian during the 4th quarter valued at approximately $34,000. Virtu Financial LLC bought a new stake in shares of Qudian during the 1st quarter valued at approximately $70,000. Finally, Seldon Capital LP bought a new stake in shares of Qudian during the 4th quarter valued at approximately $92,000. 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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