Qudian (NYSE:QD) Stock Price Up 1.3% – What’s Next?

Qudian Inc. – Sponsored ADR (NYSE:QD)’s stock price was up 1.3% during trading on Monday . The company traded as high as $3.87 and last traded at $3.81. Approximately 383,033 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 301,995 shares. The stock had previously closed at $3.76.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Qudian in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Qudian Trading Up 1.3%

The company has a 50-day moving average price of $4.47 and a two-hundred day moving average price of $4.13. The stock has a market cap of $642.71 million, a P/E ratio of 5.60 and a beta of 0.77.

Qudian (NYSE:QD) last posted its quarterly earnings data on Monday, November 24th. The company reported $0.35 EPS for the quarter. Qudian had a net margin of 909.27% and a return on equity of 7.04%. The company had revenue of $1.20 million during the quarter.

Hedge Funds Weigh In On Qudian

Several hedge funds have recently added to or reduced their stakes in QD. SG Americas Securities LLC lifted its stake in Qudian by 46.8% in the third quarter. SG Americas Securities LLC now owns 360,632 shares of the company’s stock worth $1,540,000 after purchasing an additional 114,892 shares during the last quarter. Invesco Ltd. grew its stake in shares of Qudian by 2.3% during the first quarter. Invesco Ltd. now owns 166,372 shares of the company’s stock valued at $448,000 after buying an additional 3,793 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Qudian by 4.4% in the third quarter. Public Employees Retirement System of Ohio now owns 136,759 shares of the company’s stock worth $584,000 after buying an additional 5,799 shares during the period. Finally, Brighton Jones LLC bought a new stake in shares of Qudian during the 4th quarter worth approximately $34,000. 8.10% of the stock is currently owned by institutional investors.

Qudian Company Profile

Qudian Inc is a China-based consumer finance technology company that offers online small-ticket credit products and services to young, high-potential customers. The company’s platform leverages big data analytics and machine learning to assess creditworthiness, underwrite loans and manage credit risk. By streamlining the loan application process through mobile and web channels, Qudian aims to deliver rapid access to credit for everyday consumptive and lifestyle needs.

Through its proprietary credit scoring system, Qudian provides installment loans, micro-lending products and point-of-sale financing solutions under various branded offerings.