Shares of Qudian Inc – (NYSE:QD) traded down 6.7% on Monday . The stock traded as low as $6.77 and last traded at $6.91. 5,967,900 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 4,896,986 shares. The stock had previously closed at $7.41.

Several analysts recently weighed in on the company. China Renaissance Securities restated a “hold” rating and issued a $8.00 price target on shares of Qudian in a research note on Tuesday. TheStreet upgraded Qudian from a “d+” rating to a “c-” rating in a research note on Thursday, April 18th. Zacks Investment Research upgraded Qudian from a “hold” rating to a “strong-buy” rating and set a $6.25 price target on the stock in a research note on Thursday, April 11th. Morgan Stanley upgraded Qudian from an “equal weight” rating to an “overweight” rating and set a $7.00 price target on the stock in a research note on Monday, April 8th. Finally, Nomura restated a “neutral” rating on shares of Qudian in a research note on Wednesday, February 27th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Qudian currently has a consensus rating of “Hold” and a consensus price target of $12.88.

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.89 and a quick ratio of 2.89. The company has a market cap of $2.28 billion, a P/E ratio of 6.19 and a beta of 1.88.

Qudian (NYSE:QD) last issued its earnings results on Monday, March 18th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. Qudian had a return on equity of 23.87% and a net margin of 32.10%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the business posted $0.27 EPS. The company’s revenue was up 20.9% compared to the same quarter last year. Analysts expect that Qudian Inc – will post 11.75 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Qudian by 26.3% during the 3rd quarter. BlackRock Inc. now owns 2,507,400 shares of the company’s stock valued at $13,064,000 after purchasing an additional 521,560 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Qudian by 7.3% in the 3rd quarter. Vanguard Group Inc now owns 2,033,111 shares of the company’s stock worth $10,593,000 after buying an additional 138,540 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Qudian by 7.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,033,111 shares of the company’s stock worth $10,593,000 after buying an additional 138,540 shares during the last quarter. Morgan Stanley boosted its stake in shares of Qudian by 964.5% in the 1st quarter. Morgan Stanley now owns 1,365,824 shares of the company’s stock worth $6,912,000 after buying an additional 1,237,518 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Qudian by 2,791.2% in the 4th quarter. Bank of America Corp DE now owns 1,279,985 shares of the company’s stock worth $5,491,000 after buying an additional 1,235,713 shares during the last quarter. Institutional investors and hedge funds own 6.37% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/qudian-qd-shares-down-6-7/3011497.html.

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 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.

Further Reading: Analyzing a company’s cash flow statement

Receive News & Ratings for Qudian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qudian and related companies with MarketBeat.com's FREE daily email newsletter.