Qudian Inc. (NYSE:QD - Get Free Report)'s share price shot up 10.1% during mid-day trading on Monday . The company traded as high as $2.61 and last traded at $2.61. 256,335 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 530,670 shares. The stock had previously closed at $2.37.
Qudian Price Performance
The company has a market cap of $504.51 million, a PE ratio of 62.88 and a beta of 0.47. The stock's 50-day moving average is $2.70 and its 200 day moving average is $2.66.
Qudian (NYSE:QD - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $7.16 million for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%.
Hedge Funds Weigh In On Qudian
Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in Qudian in the 3rd quarter worth about $846,000. Oasis Management Co Ltd. increased its position in shares of 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 in the last quarter. JPMorgan Chase & Co. acquired a new position in Qudian in the 4th quarter valued at $442,000. Arrowstreet Capital Limited Partnership lifted its holdings in Qudian by 12.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,242,435 shares of the company's stock valued at $3,504,000 after purchasing an additional 140,517 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Qudian by 35.1% during the 4th quarter. SG Americas Securities LLC now owns 368,384 shares of the company's stock worth $1,039,000 after purchasing an additional 95,778 shares during the last quarter. Hedge funds and other institutional investors own 8.10% of the company's stock.
Qudian Company Profile
(
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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