Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report) shares were up 11.8% during mid-day trading on Monday . The stock traded as high as $3.32 and last traded at $3.38. Approximately 694,931 shares traded hands during trading, an increase of 40% from the average daily volume of 497,660 shares. The stock had previously closed at $3.02.
Analysts Set New Price Targets
Several equities analysts recently issued reports on QD shares. UBS Group upgraded Qudian to a "buy" rating in a research note on Friday, June 6th. Wall Street Zen upgraded Qudian from a "sell" rating to a "hold" rating in a research note on Friday, June 6th.
View Our Latest Analysis on QD
Qudian Stock Performance
The company has a market capitalization of $563.42 million, a P/E ratio of 13.92 and a beta of 0.63. The firm has a 50 day moving average price of $2.92 and a two-hundred day moving average price of $2.81.
Qudian (NYSE:QD - Get Free Report) last released its quarterly earnings data on Friday, May 30th. The company reported $0.12 earnings per share for the quarter. Qudian had a return on equity of 2.79% and a net margin of 170.45%. The company had revenue of $3.55 million for the quarter.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. acquired a new position in shares of Qudian in the 4th quarter worth approximately $30,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Qudian during the 1st quarter worth $30,000. Brighton Jones LLC acquired a new position in Qudian during the 4th quarter worth $34,000. SBI Securities Co. Ltd. acquired a new position in Qudian during the 4th quarter worth $57,000. Finally, Virtu Financial LLC acquired a new position in Qudian during the 1st quarter worth $70,000. 8.10% of the stock is 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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