Qudian (NYSE:QD) Shares Up 1.3% – Here’s Why

Qudian Inc. – Sponsored ADR (NYSE:QD)’s stock price traded up 1.3% on Monday . The stock traded as high as $3.87 and last traded at $3.81. 383,033 shares were traded during trading, an increase of 27% from the average session volume of 301,995 shares. The stock had previously closed at $3.76.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Qudian in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Qudian currently has a consensus rating of “Moderate Buy”.

Qudian Trading Up 1.3%

The business’s fifty day moving average is $4.44 and its 200 day moving average is $4.13. The company has a market cap of $642.71 million, a P/E ratio of 5.60 and a beta of 0.77.

Qudian (NYSE:QD) last announced its quarterly earnings data on Monday, November 24th. The company reported $0.35 earnings per share for the quarter. The company had revenue of $1.20 million during the quarter. Qudian had a return on equity of 7.04% and a net margin of 909.27%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QD. Brighton Jones LLC purchased a new position in Qudian in the 4th quarter worth approximately $34,000. Invesco Ltd. lifted its holdings 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 acquiring an additional 3,793 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Qudian by 4.4% in the third quarter. Public Employees Retirement System of Ohio now owns 136,759 shares of the company’s stock worth $584,000 after acquiring an additional 5,799 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Qudian by 46.8% in the third quarter. SG Americas Securities LLC now owns 360,632 shares of the company’s stock worth $1,540,000 after acquiring an additional 114,892 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors.

Qudian Company Profile

Qudian Inc is a China-based consumer finance technology company that offers online small-ticket credit products and services to young, high-potential customers. The company’s platform leverages big data analytics and machine learning to assess creditworthiness, underwrite loans and manage credit risk. By streamlining the loan application process through mobile and web channels, Qudian aims to deliver rapid access to credit for everyday consumptive and lifestyle needs.

Through its proprietary credit scoring system, Qudian provides installment loans, micro-lending products and point-of-sale financing solutions under various branded offerings.