Qudian Inc – (NYSE:QD) Receives Average Recommendation of “Hold” from Analysts
Qudian Inc – (NYSE:QD) has received an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $7.27.
QD has been the subject of several research analyst reports. Zacks Investment Research lowered Qudian from a “hold” rating to a “sell” rating in a report on Saturday, November 9th. ValuEngine lowered Qudian from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. TheStreet lowered Qudian from a “c-” rating to a “d” rating in a research report on Friday, October 18th. Finally, BOCOM International began coverage on Qudian in a research report on Thursday, October 10th. They set a “neutral” rating and a $6.82 target price on the stock.
Shares of Qudian stock traded down $0.11 during trading on Monday, hitting $7.50. The stock had a trading volume of 5,778,780 shares, compared to its average volume of 3,360,508. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.03 and a quick ratio of 3.03. The firm has a market cap of $2.31 billion, a P/E ratio of 6.64 and a beta of 1.67. The business has a fifty day moving average of $6.85 and a two-hundred day moving average of $7.56. Qudian has a fifty-two week low of $4.16 and a fifty-two week high of $9.20.
Several institutional investors have recently made changes to their positions in the company. Banco Santander S.A. raised its position in shares of Qudian by 4,015.9% during the third quarter. Banco Santander S.A. now owns 1,012,500 shares of the company’s stock worth $6,976,000 after purchasing an additional 987,900 shares during the period. WT Asset Management Ltd raised its position in shares of Qudian by 36.5% during the third quarter. WT Asset Management Ltd now owns 1,104,400 shares of the company’s stock worth $7,609,000 after purchasing an additional 295,500 shares during the period. Mackay Shields LLC acquired a new stake in shares of Qudian during the third quarter worth $181,000. Russell Investments Group Ltd. raised its position in shares of Qudian by 59.6% during the third quarter. Russell Investments Group Ltd. now owns 1,730,056 shares of the company’s stock worth $11,791,000 after purchasing an additional 645,999 shares during the period. Finally, Renaissance Group LLC acquired a new stake in shares of Qudian during the third quarter worth $554,000. 36.15% of the stock is currently owned by institutional investors.
Qudian Company Profile
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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