Qudian Inc. (NYSE:QD - Get Free Report)'s stock price shot up 6.1% during mid-day trading on Friday . The company traded as high as $2.87 and last traded at $2.88. 189,808 shares changed hands during trading, a decline of 23% from the average session volume of 245,758 shares. The stock had previously closed at $2.71.
Qudian Stock Up 6.1 %
The company has a fifty day moving average price of $2.73 and a 200 day moving average price of $2.24. The stock has a market cap of $576.73 million, a PE ratio of 71.63 and a beta of 0.76.
Institutional Trading of Qudian
Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Qudian by 31.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company's stock valued at $2,838,000 after purchasing an additional 343,294 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Qudian during the second quarter valued at approximately $1,918,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Qudian during the third quarter valued at approximately $32,000. BNP Paribas Financial Markets lifted its stake in Qudian by 248.8% in the third quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company's stock worth $61,000 after acquiring an additional 20,400 shares during the period. Finally, XTX Topco Ltd bought a new stake in Qudian in the third quarter valued at $50,000. 8.10% of the stock is currently owned by hedge funds and other institutional investors.
Qudian Company Profile
(
Get Free Report)
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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