Qifu Technology, Inc. (NASDAQ:QFIN - Get Free Report)'s stock price was up 5.1% on Friday . The stock traded as high as $30.86 and last traded at $30.86. Approximately 543,833 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 1,293,261 shares. The stock had previously closed at $29.37.
Qifu Technology Price Performance
The firm's 50 day moving average is $30.53 and its two-hundred day moving average is $24.24. The firm has a market capitalization of $4.96 billion, a P/E ratio of 7.39, a PEG ratio of 0.41 and a beta of 0.61.
Qifu Technology (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.23. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. The company had revenue of $572.44 million during the quarter, compared to the consensus estimate of $582.69 million. Analysts anticipate that Qifu Technology, Inc. will post 5.04 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC bought a new stake in shares of Qifu Technology during the 2nd quarter worth about $31,000. Blue Trust Inc. lifted its position in Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company's stock worth $32,000 after acquiring an additional 1,484 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Qifu Technology during the third quarter worth approximately $41,000. Point72 DIFC Ltd acquired a new position in shares of Qifu Technology in the third quarter valued at approximately $43,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Qifu Technology during the third quarter worth approximately $54,000. 74.81% of the stock is owned by institutional investors and hedge funds.
Qifu Technology Company Profile
(
Get Free Report)
Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.
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