Qudian Inc – (NYSE:QD) shares fell 1% during mid-day trading $5.68 and last traded at $5.74. 72,555 shares were traded during trading, a decline of 98% from the average session volume of 3,872,606 $5.80.
Several research analysts have weighed in on QD shares. ValuEngine downgraded shares of Qudian from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Needham & Company LLC downgraded shares of Qudian from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Macquarie downgraded shares of Qudian from an “outperform” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a report on Monday, August 27th. Finally, Sanford C. Bernstein downgraded shares of Qudian from an “outperform” rating to a “market perform” rating and set a $7.00 price objective on the stock. in a report on Thursday, August 23rd. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Qudian has an average rating of “Hold” and an average price target of $17.75.
Get Qudian alerts: The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 5.06 and a beta of 0.47.
Qudian (NYSE:QD) last released its quarterly earnings data on Wednesday, November 21st. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Qudian had a net margin of 30.49% and a return on equity of 22.42%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.41 billion. The business’s revenue was up 32.9% on a year-over-year basis.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in QD. Cubist Systematic Strategies LLC purchased a new stake in shares of Qudian in the second quarter valued at about $164,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Qudian in the third quarter valued at about $182,000. GSA Capital Partners LLP purchased a new stake in shares of Qudian in the third quarter valued at about $210,000. Global X Management Co LLC purchased a new stake in shares of Qudian in the second quarter valued at about $229,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Qudian in the second quarter valued at about $365,000. Hedge funds and other institutional investors own 4.33% of the company’s stock.
WARNING: “Qudian (QD) Trading Down 1%” sole viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.thestockobserver.com/2018/12/17/qudian-qd-trading-down-1.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 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.
Featured Article: How to Invest in a Bull Market
Receive News & Ratings for Qudian Qudian
