Qifu Technology, Inc. (NASDAQ:QFIN - Get Free Report) rose 4.6% on Tuesday . The stock traded as high as $40.08 and last traded at $40.08. Approximately 770,220 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 1,325,623 shares. The stock had previously closed at $38.30.
Wall Street Analyst Weigh In
Separately, Citigroup boosted their price target on Qifu Technology from $31.44 to $37.50 and gave the stock a "buy" rating in a research report on Thursday, November 21st.
View Our Latest Stock Analysis on QFIN
Qifu Technology Stock Up 3.9 %
The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 0.33 and a beta of 0.64. The stock's 50-day moving average price is $34.19 and its 200 day moving average price is $26.70.
Institutional Investors Weigh In On Qifu Technology
A number of large investors have recently made changes to their positions in QFIN. Wilmington Savings Fund Society FSB acquired a new stake in shares of Qifu Technology during the 3rd quarter worth approximately $30,000. USA Financial Formulas purchased a new position in Qifu Technology in the third quarter worth approximately $41,000. Point72 DIFC Ltd purchased a new position in Qifu Technology in the third quarter worth approximately $43,000. Ashton Thomas Private Wealth LLC acquired a new stake in Qifu Technology during the second quarter worth $31,000. Finally, Blue Trust Inc. raised its position in Qifu Technology by 598.4% in the second quarter. Blue Trust Inc. now owns 1,732 shares of the company's stock valued at $32,000 after purchasing an additional 1,484 shares during the period. 74.81% of the stock is currently owned by hedge funds and other institutional investors.
About Qifu Technology
(
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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