Qudian Inc – (NYSE:QD) shares hit a new 52-week low during trading on Thursday . The company traded as low as $3.60 and last traded at $3.83, with a volume of 7833536 shares. The stock had previously closed at $4.39.
A number of analysts have commented on QD shares. Macquarie lowered Qudian from a “neutral” rating to an “underperform” rating and set a $4.00 price objective for the company. in a report on Wednesday, November 20th. BOCOM International started coverage on Qudian in a report on Thursday, October 10th. They set a “neutral” rating and a $6.82 price objective for the company. ValuEngine lowered Qudian from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Nomura decreased their price objective on Qudian from $10.00 to $6.51 and set a “neutral” rating for the company in a report on Wednesday, November 20th. Finally, Zacks Investment Research raised Qudian from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $6.64.
The company has a current ratio of 4.48, a quick ratio of 4.48 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $4.67 and a 200 day simple moving average of $6.78. The stock has a market capitalization of $1.36 billion, a P/E ratio of 3.27 and a beta of 1.47.
Qudian (NYSE:QD) last issued its quarterly earnings data on Monday, November 25th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.20 billion. Qudian had a return on equity of 33.49% and a net margin of 44.87%. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. As a group, research analysts forecast that Qudian Inc – will post 2 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Qudian by 343.1% in the third quarter. State Street Corp now owns 1,006,636 shares of the company’s stock valued at $6,936,000 after acquiring an additional 779,444 shares in the last quarter. Comerica Bank bought a new position in shares of Qudian in the third quarter valued at approximately $80,000. Banco Santander S.A. grew its holdings in shares of Qudian by 4,015.9% in the third quarter. Banco Santander S.A. now owns 1,012,500 shares of the company’s stock valued at $6,976,000 after acquiring an additional 987,900 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Qudian in the third quarter valued at approximately $301,000. Finally, Polunin Capital Partners Ltd grew its holdings in shares of Qudian by 1.9% in the third quarter. Polunin Capital Partners Ltd now owns 4,924,887 shares of the company’s stock valued at $33,932,000 after acquiring an additional 93,900 shares in the last quarter. 38.98% of the stock is owned by institutional investors.
Qudian Company Profile (NYSE:QD)
Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers small credit products, such as cash credit products; merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis; and budget auto financing products.
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