Qudian (NYSE:QD) Trading 10.8% Higher – Time to Buy?

Qudian Inc. – Sponsored ADR (NYSE:QD) rose 10.8% on Monday . The stock traded as high as $4.76 and last traded at $4.8410. Approximately 173,031 shares were traded during trading, a decline of 60% from the average daily volume of 429,181 shares. The stock had previously closed at $4.37.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Qudian in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Qudian Stock Down 0.0%

The stock has a market capitalization of $822.87 million, a P/E ratio of 7.17 and a beta of 0.65. The business’s 50 day simple moving average is $4.54 and its two-hundred day simple moving average is $3.91.

Qudian (NYSE:QD) last posted its earnings results 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 7.15%. The company had revenue of $1.20 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of QD. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Qudian during the first quarter worth $30,000. Brighton Jones LLC purchased a new position in Qudian during the 4th quarter worth $34,000. Virtu Financial LLC bought a new stake in shares of Qudian in the 1st quarter worth $70,000. XTX Topco Ltd purchased a new stake in shares of Qudian in the first quarter valued at about $128,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Qudian by 4.4% during the third quarter. Public Employees Retirement System of Ohio now owns 136,759 shares of the company’s stock valued at $584,000 after purchasing an additional 5,799 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.

About Qudian

Qudian Inc operates as a consumer-oriented technology company in the People's Republic of China. The company engages in the operation of online platforms to provide small consumer credit products. It also provides technology development and services; research and development services; and delivery services.