Qudian (NYSE:QD) Trading Up 4.4% - Here's Why

Key Points

• Qudian's stock price increased by 4.4%, reaching a high of $3.40 during mid-day trading, despite a significant decline in trading volume.
• Recent analyst reports included upgrades from Wall Street Zen, which raised Qudian from "sell" to "hold," and UBS Group, which upgraded it to a "buy" rating.
• The company's last earnings report showed a net margin of 170.45% and earnings per share of $0.12, indicating strong financial performance.

Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report)'s stock price shot up 4.4% during mid-day trading on Monday . The stock traded as high as $3.40 and last traded at $3.41. 110,649 shares traded hands during trading, a decline of 74% from the average session volume of 423,805 shares. The stock had previously closed at $3.26.

Analysts Set New Price Targets

Several research firms have issued reports 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 research note on Friday, June 6th.

Qudian Stock Performance

The stock has a fifty day simple moving average of $3.05 and a 200-day simple moving average of $2.86. The stock has a market cap of $568.48 million, a P/E ratio of 14.04 and a beta of 0.63.

Qudian (NYSE:QD - Get Free Report) last announced its quarterly earnings data on Friday, May 30th. The company reported $0.12 earnings per share 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 hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership raised its position 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 raised its position in shares of Qudian by 28.5% in the fourth quarter. Two Sigma Investments LP now owns 302,316 shares of the company's stock valued at $853,000 after buying an additional 67,014 shares in the last quarter. Marshall Wace LLP raised its position in shares of Qudian by 44.5% in the fourth quarter. Marshall Wace LLP now owns 274,308 shares of the company's stock valued at $774,000 after buying an additional 84,532 shares in the last quarter. Oasis Management Co Ltd. raised its position in shares of Qudian by 609.9% in the fourth quarter. Oasis Management Co Ltd. now owns 197,875 shares of the company's stock valued at $558,000 after buying an additional 170,000 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Qudian by 2.3% in 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 in the last quarter. Institutional investors own 8.10% of the company's stock.

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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