Weiss Ratings Reaffirms Hold (C) Rating for Qudian (NYSE:QD)

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for Qudian (NYSE:QD), reflecting its current market sentiment on the stock.
• Qudian's stock opened at $4.61 with a market capitalization of $777.66 million, and has shown significant price fluctuation over the past year.
• Institutional investors have increased their stakes in Qudian, with several hedge funds making new investments during the first quarter of this year.

Qudian (NYSE:QD - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Qudian Price Performance

QD opened at $4.61 on Wednesday. The company has a market capitalization of $777.66 million, a price-to-earnings ratio of 10.72 and a beta of 0.62. The firm's fifty day moving average price is $4.38 and its two-hundred day moving average price is $3.40. Qudian has a 1 year low of $2.02 and a 1 year high of $5.08.

Qudian (NYSE:QD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $0.49 million for the quarter. Qudian had a net margin of 388.27% and a return on equity of 4.65%.

Institutional Investors Weigh In On Qudian

A number of hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of Qudian during the 1st quarter worth $70,000. Invesco Ltd. raised its stake in shares of Qudian by 2.3% during the 1st quarter. Invesco Ltd. now owns 166,372 shares of the company's stock worth $448,000 after purchasing an additional 3,793 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Qudian during the 1st quarter worth $30,000. XTX Topco Ltd bought a new stake in shares of Qudian during the 1st quarter worth $128,000. Finally, Asset Management One Co. Ltd. raised its stake 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 during the period. 8.10% of the stock is currently owned by institutional investors.

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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