Qudian Inc – (NYSE:QD) gapped up before the market opened on Friday . The stock had previously closed at $7.42, but opened at $7.65. Qudian shares last traded at $7.83, with a volume of 7,891,633 shares changing hands.
Several research firms recently weighed in on QD. ValuEngine downgraded Qudian from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. China Renaissance Securities reissued a “hold” rating and set a $8.00 price objective on shares of Qudian in a report on Tuesday, May 14th. Finally, Zacks Investment Research raised Qudian from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective on the stock in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Qudian presently has a consensus rating of “Hold” and a consensus target price of $15.25.
The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.91 and a current ratio of 3.03. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 6.93 and a beta of 1.66. The company has a fifty day moving average of $8.51 and a two-hundred day moving average of $6.91.
Large investors have recently made changes to their positions in the stock. Virtu Financial LLC raised its position in Qudian by 30.5% during the 1st quarter. Virtu Financial LLC now owns 28,628 shares of the company’s stock worth $145,000 after purchasing an additional 6,695 shares during the last quarter. Norges Bank bought a new position in shares of Qudian in the 4th quarter worth about $2,036,000. Ayalon Holdings Ltd. raised its position in shares of Qudian by 34.5% in the 1st quarter. Ayalon Holdings Ltd. now owns 23,411 shares of the company’s stock worth $121,000 after acquiring an additional 6,011 shares in the last quarter. Diversified Trust Co bought a new position in shares of Qudian in the 2nd quarter worth about $836,000. Finally, Equitec Specialists LLC bought a new position in shares of Qudian in the 2nd quarter worth about $150,000. 23.04% of the stock is owned by institutional investors and hedge funds.
Qudian Company Profile (NYSE:QD)
Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers small credit products, such as cash credit products; merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis; and budget auto financing products.
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