Qudian Inc. (NYSE:QD - Get Free Report)'s stock price was down 5.6% during mid-day trading on Tuesday . The company traded as low as $3.08 and last traded at $3.10. Approximately 162,532 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 320,992 shares. The stock had previously closed at $3.28.
Qudian Price Performance
The company has a market capitalization of $594.78 million, a price-to-earnings ratio of 74.13 and a beta of 0.72. The stock has a fifty day simple moving average of $2.87 and a 200-day simple moving average of $2.43.
Qudian (NYSE:QD - Get Free Report) last announced its quarterly earnings results on Friday, November 22nd. The company reported $0.10 earnings per share (EPS) for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Qudian during the 3rd quarter worth approximately $846,000. Oasis Management Co Ltd. raised its stake in shares of Qudian by 609.9% during the 4th quarter. Oasis Management Co Ltd. now owns 197,875 shares of the company's stock worth $558,000 after buying an additional 170,000 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Qudian during the 4th quarter worth approximately $442,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Qudian by 12.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,242,435 shares of the company's stock worth $3,504,000 after buying an additional 140,517 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Qudian by 35.1% during the 4th quarter. SG Americas Securities LLC now owns 368,384 shares of the company's stock worth $1,039,000 after buying an additional 95,778 shares during the period. 8.10% of the stock is owned by institutional investors and hedge funds.
About Qudian
(
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Qudian Inc operates as a consumer-oriented technology company in the People's Republic of China. The company engages in the operation of online platforms to provide small consumer credit products. It also provides technology development and services; research and development services; and delivery services.
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