LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $5.91, but opened at $5.75. LexinFintech shares last traded at $5.76, with a volume of 948,805 shares changing hands.
Analysts Set New Price Targets
Separately, Citigroup upgraded shares of LexinFintech from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th.
View Our Latest Report on LX
LexinFintech Stock Down 2.2 %
The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The company's 50 day moving average price is $3.89 and its 200 day moving average price is $2.54. The firm has a market capitalization of $948.67 million, a price-to-earnings ratio of 9.02 and a beta of 0.68.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wolverine Trading LLC acquired a new position in LexinFintech in the 3rd quarter valued at about $29,000. Centiva Capital LP purchased a new stake in shares of LexinFintech in the 3rd quarter worth about $41,000. Kathmere Capital Management LLC purchased a new position in shares of LexinFintech during the 2nd quarter worth approximately $36,000. Virtu Financial LLC acquired a new position in LexinFintech in the 3rd quarter valued at about $74,000. Finally, SG Americas Securities LLC purchased a new position in shares of LexinFintech during the third quarter valued at approximately $122,000.
About LexinFintech
(
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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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