Qudian (NYSE:QD) Stock Price Up 2.9% - Here's Why

Qudian Inc. (NYSE:QD - Get Free Report)'s share price traded up 2.9% on Monday . The stock traded as high as $2.73 and last traded at $2.71. 218,022 shares were traded during mid-day trading, a decline of 60% from the average session volume of 550,420 shares. The stock had previously closed at $2.63.

Qudian Price Performance

The firm has a market capitalization of $536.61 million, a PE ratio of 66.88 and a beta of 0.70. The company has a 50-day moving average price of $2.86 and a 200 day moving average price of $2.62.

Qudian (NYSE:QD - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $7.16 million during the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%.

Institutional Trading of Qudian

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its holdings 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 valued at $3,504,000 after purchasing an additional 140,517 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Qudian during the 3rd quarter worth approximately $846,000. SG Americas Securities LLC boosted its position 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 valued at $1,039,000 after acquiring an additional 95,778 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Qudian by 28.5% in the fourth quarter. Two Sigma Investments LP now owns 302,316 shares of the company's stock valued at $853,000 after purchasing an additional 67,014 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Qudian by 44.5% in the fourth quarter. Marshall Wace LLP now owns 274,308 shares of the company's stock worth $774,000 after purchasing an additional 84,532 shares during the last quarter. 8.10% of the stock is currently owned by institutional investors.

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About Qudian

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.