Qudian (NYSE:QD) Trading Up 11.8% - Still a Buy?

Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report)'s share price shot up 11.8% on Monday . The company traded as high as $3.32 and last traded at $3.38. 694,931 shares were traded during trading, an increase of 40% from the average session volume of 497,660 shares. The stock had previously closed at $3.02.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Qudian from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. UBS Group raised Qudian to a "buy" rating in a research note on Friday, June 6th.

Qudian Price Performance

The firm has a market capitalization of $583.67 million, a price-to-earnings ratio of 14.42 and a beta of 0.63. The business's fifty day simple moving average is $2.96 and its 200 day simple moving average is $2.82.

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

Hedge Funds Weigh In On Qudian

A number of institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Qudian during the 1st quarter valued at $70,000. Invesco Ltd. grew its holdings in shares of Qudian by 2.3% during the first quarter. Invesco Ltd. now owns 166,372 shares of the company's stock valued at $448,000 after buying an additional 3,793 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Qudian during the first quarter worth about $30,000. XTX Topco Ltd acquired a new stake in shares of Qudian in the 1st quarter worth about $128,000. Finally, Asset Management One Co. Ltd. lifted its position in Qudian by 32.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 36,769 shares of the company's stock valued at $99,000 after acquiring an additional 8,991 shares in the last quarter. 8.10% of the stock is owned by institutional investors and hedge funds.

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.