PPDAI Group (NYSE:FINV) Hits New 1-Year Low – Time to Sell?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) hit a new 52-week low during trading on Thursday. The stock traded as low as $2.74 and last traded at $2.7850, with a volume of 78,479 shares trading hands. The stock had previously closed at $2.82.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup cut shares of PPDAI Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $8.10 to $4.10 in a report on Friday, August 28th. Weiss Ratings lowered PPDAI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $4.10.

PPDAI Group Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.84 and a current ratio of 2.84. The company’s fifty day simple moving average is $3.09 and its two-hundred day simple moving average is $4.49. The stock has a market capitalization of $648.85 million, a PE ratio of 2.51 and a beta of 0.31.

PPDAI Group (NYSE:FINV) last announced its earnings results on Friday, August 14th. The company reported $0.28 earnings per share (EPS) for the quarter. PPDAI Group had a net margin of 14.49% and a return on equity of 12.31%. The company had revenue of $500.91 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its position in shares of PPDAI Group by 8.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 71,206 shares of the company’s stock worth $216,000 after purchasing an additional 5,728 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in PPDAI Group in the 3rd quarter valued at approximately $31,000. Ramsey Quantitative Systems grew its holdings in PPDAI Group by 126.8% during the 3rd quarter. Ramsey Quantitative Systems now owns 88,000 shares of the company’s stock valued at $267,000 after buying an additional 49,200 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in PPDAI Group during the 2nd quarter valued at $122,000. Finally, Squarepoint Ops LLC acquired a new stake in PPDAI Group during the 2nd quarter valued at $119,000. 31.15% of the stock is owned by hedge funds and other institutional investors.

PPDAI Group Company Profile

PPDAI Group, now known as FinVolution Group, operates an online consumer finance platform that connects individual borrowers with financial institutions and other funding partners. The company uses technology and data analytics to support borrower assessment, risk management and loan facilitation. Founded in China, the company has expanded beyond its home market into countries in Southeast Asia, including Indonesia and the Philippines. Its platform serves consumers seeking credit and partners seeking technology-enabled access to consumer lending opportunities.