Qudian (NYSE:QD) Shares Up 6.5% – Still a Buy?

Qudian Inc. (NYSE:QD) shares were up 6.5% during mid-day trading on Wednesday . The company traded as high as $3.04 and last traded at $3.03. Approximately 330,000 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 560,123 shares. The stock had previously closed at $2.84.

Qudian Trading Down 1.2 %

The business has a fifty day moving average price of $2.86 and a 200-day moving average price of $2.56. The stock has a market capitalization of $572.72 million, a PE ratio of 71.38 and a beta of 0.70.

Qudian (NYSE:QD) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%. The firm had revenue of $7.16 million during the quarter.

Hedge Funds Weigh In On Qudian

A number of hedge funds and other institutional investors have recently modified their holdings of QD. Public Employees Retirement System of Ohio purchased a new stake in Qudian during the 3rd quarter valued at about $846,000. Oasis Management Co Ltd. boosted its holdings in Qudian by 609.9% during the 4th quarter. Oasis Management Co Ltd. now owns 197,875 shares of the company’s stock valued at $558,000 after acquiring an additional 170,000 shares during the period. JPMorgan Chase & Co. purchased a new stake in Qudian during the 4th quarter valued at about $442,000. Arrowstreet Capital Limited Partnership boosted its holdings in Qudian by 12.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,242,435 shares of the company’s stock valued at $3,504,000 after acquiring an additional 140,517 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Qudian by 35.1% during the 4th quarter. SG Americas Securities LLC now owns 368,384 shares of the company’s stock valued at $1,039,000 after acquiring an additional 95,778 shares during the period. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

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.