Qudian Inc. (NYSE:QD - Get Free Report) shares traded up 9.2% on Friday . The stock traded as high as $3.12 and last traded at $3.26. 490,918 shares traded hands during mid-day trading, an increase of 59% from the average session volume of 309,527 shares. The stock had previously closed at $2.98.
Qudian Stock Down 5.2 %
The firm's 50 day simple moving average is $2.85 and its two-hundred day simple moving average is $2.40. The stock has a market capitalization of $623.87 million, a P/E ratio of 77.63 and a beta of 0.72.
Qudian (NYSE:QD - Get Free Report) last issued its earnings results on Friday, November 22nd. The company reported $0.10 EPS for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%.
Hedge Funds Weigh In On Qudian
A number of institutional investors have recently modified their holdings of QD. Bank of America Corp DE increased its stake in Qudian by 17.1% during the 4th quarter. Bank of America Corp DE now owns 54,351 shares of the company's stock valued at $153,000 after purchasing an additional 7,951 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Qudian by 31.7% during the fourth quarter. BNP Paribas Financial Markets now owns 37,671 shares of the company's stock worth $106,000 after acquiring an additional 9,070 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Qudian during the fourth quarter worth about $30,000. Brighton Jones LLC acquired a new stake in shares of Qudian in the 4th quarter worth about $34,000. Finally, Ballentine Partners LLC lifted its position in 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 acquiring an additional 13,599 shares in the last quarter. 8.10% of the stock is owned by institutional investors and hedge funds.
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.
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