LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) shares dropped 5.3% on Monday . The company traded as low as $7.79 and last traded at $7.80. Approximately 552,361 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 2,445,869 shares. The stock had previously closed at $8.23.
Wall Street Analysts Forecast Growth
Separately, Citigroup upgraded shares of LexinFintech from a "neutral" rating to a "buy" rating in a report on Tuesday, November 26th.
Check Out Our Latest Stock Analysis on LX
LexinFintech Stock Performance
The stock's 50 day moving average price is $6.56 and its 200 day moving average price is $4.03. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.42 billion, a PE ratio of 13.70 and a beta of 0.66.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its earnings results on Monday, November 25th. The company reported $0.26 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.
Institutional Investors Weigh In On LexinFintech
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LX. Arrowstreet Capital Limited Partnership increased its position in shares of LexinFintech by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock worth $21,478,000 after purchasing an additional 2,606,969 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of LexinFintech in the 4th quarter valued at about $7,687,000. Barclays PLC acquired a new position in shares of LexinFintech in the 4th quarter valued at about $7,131,000. Canada Pension Plan Investment Board acquired a new position in shares of LexinFintech in the 4th quarter valued at about $6,925,000. Finally, Hel Ved Capital Management Ltd acquired a new position in shares of LexinFintech in the 4th quarter valued at about $6,554,000.
About LexinFintech
(
Get Free Report)
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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