LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) saw unusually-high trading volume on Friday . Approximately 463,225 shares changed hands during mid-day trading, a decline of 53% from the previous session's volume of 994,924 shares.The stock last traded at $5.97 and had previously closed at $5.77.
Analyst Upgrades and Downgrades
Separately, Citigroup upgraded LexinFintech from a "neutral" rating to a "buy" rating in a report on Tuesday, November 26th.
Read Our Latest Stock Report on LX
LexinFintech Stock Performance
The company has a fifty day moving average price of $4.72 and a two-hundred day moving average price of $2.97. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 9.68 and a beta of 0.68. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66.
Institutional Trading of LexinFintech
Hedge funds have recently added to or reduced their stakes in the business. Wolverine Trading LLC acquired a new stake in shares of LexinFintech in the third quarter valued at approximately $29,000. Kathmere Capital Management LLC bought a new stake in shares of LexinFintech in the 2nd quarter valued at about $36,000. Centiva Capital LP acquired a new stake in LexinFintech during the 3rd quarter worth $41,000. Virtu Financial LLC acquired a new stake in shares of LexinFintech during the third quarter worth about $74,000. Finally, SG Americas Securities LLC bought a new stake in LexinFintech in the 3rd quarter valued at $122,000.
LexinFintech Company Profile
(
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LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.
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