Qudian Inc – (NYSE:QD) hit a new 52-week low during trading on Tuesday . The company traded as low as $4.86 and last traded at $4.99, with a volume of 212693 shares changing hands. The stock had previously closed at $4.90.

A number of equities research analysts have recently commented on the company. Needham & Company LLC cut their price objective on Qudian from $20.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, May 22nd. Zacks Investment Research downgraded Qudian from a “hold” rating to a “sell” rating in a research report on Tuesday, May 29th. ValuEngine downgraded Qudian from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Sanford C. Bernstein downgraded Qudian from an “outperform” rating to a “market perform” rating and set a $7.00 price objective for the company. in a research report on Thursday, August 23rd. Finally, Macquarie downgraded Qudian from an “outperform” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Monday, August 27th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Qudian has a consensus rating of “Hold” and a consensus price target of $21.20.

The stock has a market cap of $1.63 billion and a P/E ratio of 4.63. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.03.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Qudian by 46.1% in the first quarter. BlackRock Inc. now owns 1,185,749 shares of the company’s stock valued at $13,874,000 after purchasing an additional 373,996 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Qudian in the second quarter valued at $365,000. Guggenheim Capital LLC purchased a new stake in shares of Qudian in the first quarter valued at $163,000. NINE MASTS CAPITAL Ltd lifted its holdings in shares of Qudian by 176.7% in the first quarter. NINE MASTS CAPITAL Ltd now owns 2,044,901 shares of the company’s stock valued at $23,925,000 after purchasing an additional 1,305,738 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of Qudian by 4,335.3% in the first quarter. UBS Group AG now owns 53,223 shares of the company’s stock valued at $623,000 after purchasing an additional 52,023 shares in the last quarter. Institutional investors own 5.26% of the company’s stock.

About Qudian (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 cash credit products, such as cash short-term unsecured lines of credit, which are distributed in digital form; and merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis, as well as budget auto financing products.

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