Shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) dropped 4.4% during mid-day trading on Wednesday . The company traded as low as $9.05 and last traded at $8.88. Approximately 573,097 shares changed hands during trading, a decline of 82% from the average daily volume of 3,209,132 shares. The stock had previously closed at $9.28.
Analyst Upgrades and Downgrades
Separately, Citigroup raised LexinFintech from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th.
Check Out Our Latest Analysis on LX
LexinFintech Stock Performance
The business has a 50-day moving average price of $7.87 and a 200-day moving average price of $5.13. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.71 and a beta of 0.60. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.
Hedge Funds Weigh In On LexinFintech
Hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in shares of LexinFintech in the 4th quarter valued at $1,332,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in LexinFintech by 25.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company's stock valued at $3,013,000 after purchasing an additional 226,479 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in LexinFintech in the third quarter valued at $467,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in LexinFintech in the fourth quarter valued at $445,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in LexinFintech in the fourth quarter valued at $363,000.
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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