Qudian (QD) Sets New 12-Month Low at $4.86
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.
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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