Shares of Qudian Inc. (NYSE:QD - Get Free Report) rose 6.5% on Wednesday . The company traded as high as $3.04 and last traded at $3.03. Approximately 330,000 shares changed hands during trading, a decline of 41% from the average daily volume of 560,123 shares. The stock had previously closed at $2.84.
Qudian Stock Performance
The firm's 50-day moving average price is $2.87 and its two-hundred day moving average price is $2.57. The firm has a market cap of $570.71 million, a PE ratio of 71.13 and a beta of 0.70.
Qudian (NYSE:QD - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $7.16 million during the quarter. Qudian had a net margin of 18.32% and a return on equity of 0.36%.
Hedge Funds Weigh In On Qudian
A number of institutional investors have recently modified their holdings of QD. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Qudian during the 3rd quarter worth $32,000. BNP Paribas Financial Markets grew its holdings in shares of Qudian by 248.8% during the third quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company's stock worth $61,000 after buying an additional 20,400 shares during the last quarter. XTX Topco Ltd purchased a new stake in Qudian during the 3rd quarter valued at approximately $50,000. Public Employees Retirement System of Ohio acquired a new stake in Qudian during the 3rd quarter worth approximately $846,000. Finally, Ballentine Partners LLC grew its stake in shares of Qudian by 124.2% in the 4th quarter. Ballentine Partners LLC now owns 24,548 shares of the company's stock valued at $69,000 after purchasing an additional 13,599 shares during the last quarter. 8.10% of the stock is owned by institutional investors and hedge funds.
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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