Qudian Inc. (NYSE:QD - Get Free Report)'s stock price fell 5.4% during mid-day trading on Friday . The company traded as low as $2.79 and last traded at $2.79. 316,296 shares were traded during mid-day trading, a decline of 55% from the average session volume of 705,330 shares. The stock had previously closed at $2.95.
Qudian Stock Down 4.7 %
The company has a 50-day moving average of $2.49 and a 200 day moving average of $2.07. The stock has a market capitalization of $563.69 million, a PE ratio of 70.25 and a beta of 0.73.
Institutional Investors Weigh In On Qudian
A number of large investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Qudian during the third quarter worth about $32,000. Ballentine Partners LLC boosted its holdings in shares of Qudian by 91.4% during the 2nd quarter. Ballentine Partners LLC now owns 21,934 shares of the company's stock worth $43,000 after purchasing an additional 10,476 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Qudian during the 3rd quarter worth approximately $50,000. BNP Paribas Financial Markets grew its position in shares of Qudian by 248.8% in the third quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company's stock valued at $61,000 after purchasing an additional 20,400 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of Qudian in the second quarter valued at approximately $65,000. Hedge funds and other institutional investors own 8.10% of the company's stock.
Qudian Company Profile
(
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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.
Further Reading
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