Qudian (NYSE:QD) Trading 4.4% Higher - 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) shot up 4.4% during mid-day trading on Monday . The company traded as high as $3.40 and last traded at $3.41. 110,649 shares changed hands during trading, a decline of 74% from the average session volume of 423,805 shares. The stock had previously closed at $3.26.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on QD. Wall Street Zen upgraded shares of Qudian from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. UBS Group upgraded shares of Qudian to a "buy" rating in a research report on Friday, June 6th.

Qudian Stock Down 2.0%

The business's 50-day simple moving average is $3.09 and its two-hundred day simple moving average is $2.87. The firm has a market cap of $668.18 million, a price-to-earnings ratio of 16.60 and a beta of 0.63.

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

Institutional Trading of Qudian

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership increased its stake in shares of Qudian by 12.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,242,435 shares of the company's stock worth $3,504,000 after purchasing an additional 140,517 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Qudian by 28.5% during the 4th quarter. Two Sigma Investments LP now owns 302,316 shares of the company's stock worth $853,000 after acquiring an additional 67,014 shares during the period. Marshall Wace LLP grew its stake in shares of Qudian by 44.5% in the 4th 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 during the period. Oasis Management Co Ltd. grew its stake in shares of 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 buying an additional 170,000 shares during the period. Finally, Invesco Ltd. grew its stake in shares of 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 buying an additional 3,793 shares during the period. Hedge funds and other institutional investors own 8.10% of the company's stock.

About Qudian

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.