Qudian (NYSE:QD) Stock Price Down 8% - Should You Sell?

Key Points

• The stock price of Qudian Inc. (NYSE: QD) declined by 8%, closing at $3.99 after trading as low as $3.98.
• Analysts at Wall Street Zen upgraded Qudian from a "sell" to a "hold" rating, while UBS Group raised it to a "buy" rating.
• Qudian's most recent earnings report showed an EPS of $0.12 and a revenue of $3.55 million, with a net margin of 170.45%.

Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report)'s stock price dropped 8% on Tuesday . The company traded as low as $3.98 and last traded at $3.99. Approximately 374,899 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 447,365 shares. The stock had previously closed at $4.33.

Wall Street Analyst Weigh In

Several brokerages have weighed in on QD. Wall Street Zen raised Qudian from a "sell" rating to a "hold" rating in a report on Friday, June 6th. UBS Group raised Qudian to a "buy" rating in a report on Friday, June 6th.

Qudian Stock Performance

The stock has a market cap of $665.48 million, a price-to-earnings ratio of 16.44 and a beta of 0.69. The company has a 50 day moving average of $3.17 and a 200-day moving average of $2.91.

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

Hedge Funds Weigh In On Qudian

Several large investors have recently added to or reduced their stakes in QD. Arrowstreet Capital Limited Partnership grew its stake in shares of Qudian by 12.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,242,435 shares of the company's stock valued at $3,504,000 after buying an additional 140,517 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Qudian by 28.5% in the 4th quarter. Two Sigma Investments LP now owns 302,316 shares of the company's stock worth $853,000 after purchasing an additional 67,014 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Qudian by 44.5% in the 4th quarter. Marshall Wace LLP now owns 274,308 shares of the company's stock worth $774,000 after purchasing an additional 84,532 shares during the last quarter. Oasis Management Co Ltd. increased its position in Qudian by 609.9% in the 4th quarter. Oasis Management Co Ltd. now owns 197,875 shares of the company's stock valued at $558,000 after acquiring an additional 170,000 shares during the period. Finally, Invesco Ltd. increased 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 period. 8.10% of the stock is currently owned by hedge funds and other 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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