Shares of Qudian Inc. (NYSE:QD - Get Free Report) shot up 5.1% on Monday . The stock traded as high as $2.75 and last traded at $2.79. 339,096 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 525,541 shares. The stock had previously closed at $2.65.
Qudian Stock Performance
The company's 50 day simple moving average is $2.65 and its 200 day simple moving average is $2.68. The stock has a market cap of $551.65 million, a price-to-earnings ratio of 68.75 and a beta of 0.47.
Qudian (NYSE:QD - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter. Qudian had a net margin of 18.32% and a return on equity of 0.36%. The firm had revenue of $7.16 million for the quarter.
Hedge Funds Weigh In On Qudian
Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC grew its position in Qudian by 35.1% in the fourth quarter. SG Americas Securities LLC now owns 368,384 shares of the company's stock worth $1,039,000 after buying an additional 95,778 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position 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 during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Qudian during the fourth quarter valued at $57,000. Ballentine Partners LLC boosted its position in shares of Qudian by 124.2% in the 4th quarter. Ballentine Partners LLC now owns 24,548 shares of the company's stock valued at $69,000 after purchasing an additional 13,599 shares during the period. Finally, Sei Investments Co. acquired a new position in shares of Qudian in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 8.10% of the company's stock.
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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