Qudian Inc. (NYSE:QD)’s stock price rose 4.3% on Monday . The company traded as high as $2.20 and last traded at $2.20. Approximately 1,689 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 5,935,419 shares. The stock had previously closed at $2.11.
The firm has a market cap of $607.21 million, a PE ratio of 4.36 and a beta of 0.98. The company has a 50 day simple moving average of $2.05. The company has a debt-to-equity ratio of 0.08, a quick ratio of 24.74 and a current ratio of 24.74.
Qudian (NYSE:QD) last released its quarterly earnings data on Monday, March 29th. The company reported $0.39 earnings per share for the quarter. The firm had revenue of $109.37 million for the quarter. Qudian had a net margin of 27.51% and a return on equity of 3.66%.
A number of hedge funds have recently added to or reduced their stakes in QD. ExodusPoint Capital Management LP grew its position in Qudian by 102.1% during the fourth quarter. ExodusPoint Capital Management LP now owns 181,600 shares of the company’s stock valued at $251,000 after buying an additional 91,736 shares during the period. Virtu Financial LLC acquired a new stake in Qudian during the fourth quarter valued at $508,000. Norges Bank acquired a new stake in Qudian during the fourth quarter valued at $1,527,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Qudian by 33.1% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 102,216 shares of the company’s stock valued at $233,000 after buying an additional 25,428 shares during the period. Finally, Meitav Dash Investments Ltd. acquired a new stake in Qudian during the first quarter valued at $64,000. Institutional investors own 22.37% of the company’s stock.
Qudian Company Profile (NYSE:QD)
Qudian Inc engages in the operation of online platforms to provide small consumer credit products in the People's Republic of China. The company offers cash credit products; and merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on an installment basis.
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