LexinFintech Holdings Ltd – (NASDAQ:LX) shares fell 6.8% on Thursday . The stock traded as low as $10.32 and last traded at $10.39. 1,918,654 shares traded hands during mid-day trading, an increase of 383% from the average session volume of 396,989 shares. The stock had previously closed at $11.15.
Several brokerages recently weighed in on LX. Zacks Investment Research raised shares of LexinFintech from a “strong sell” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Saturday, February 2nd. Goldman Sachs Group raised shares of LexinFintech from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 21st. ValuEngine downgraded shares of LexinFintech from a “hold” rating to a “sell” rating in a research note on Monday, December 17th. Finally, Morgan Stanley began coverage on shares of LexinFintech in a research note on Tuesday, December 11th. They set a “weight” rating for the company. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $14.50.
The firm has a market capitalization of $1.84 billion, a PE ratio of 47.23 and a beta of 2.21. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.13.
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LexinFintech Company Profile (NASDAQ:LX)
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People's Republic of China. The company operates Fenqile, an online consumer finance platform that offers personal installment loans, installment purchase loans, and other loan products, as well as Le Card credit line.
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