Qudian Inc. (NYSE:QD - Get Free Report)'s share price shot up 5.1% during mid-day trading on Monday . The stock traded as high as $2.75 and last traded at $2.79. 339,096 shares traded hands during trading, a decline of 35% from the average session volume of 525,541 shares. The stock had previously closed at $2.65.
Qudian Trading Up 3.8 %
The company has a market capitalization of $460.52 million, a P/E ratio of 68.25 and a beta of 0.58. The business has a 50 day moving average price of $2.62 and a 200 day moving average price of $2.69.
Qudian (NYSE:QD - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported ($0.05) EPS for the quarter. The firm had revenue of $7.16 million during the quarter. Qudian had a net margin of 18.32% and a return on equity of 0.36%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC increased its holdings in shares of Qudian by 124.2% in the fourth quarter. Ballentine Partners LLC now owns 24,548 shares of the company's stock worth $69,000 after acquiring an additional 13,599 shares in the last quarter. SG Americas Securities LLC increased its stake in Qudian by 35.1% during the 4th quarter. SG Americas Securities LLC now owns 368,384 shares of the company's stock worth $1,039,000 after purchasing an additional 95,778 shares in the last quarter. Brighton Jones LLC acquired a new stake in Qudian during the 4th quarter worth approximately $34,000. Asset Management One Co. Ltd. acquired a new stake in Qudian during the 4th quarter worth approximately $82,000. Finally, SBI Securities Co. Ltd. bought a new position in Qudian in the fourth quarter valued at approximately $57,000. 8.10% of the stock is currently owned by institutional investors.
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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