Qudian Inc – (NYSE:QD) has been assigned an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $21.50.
Separately, ValuEngine raised shares of Qudian from a “sell” rating to a “hold” rating in a research report on Friday.
Shares of Qudian stock traded up $0.15 on Friday, reaching $5.17. The stock had a trading volume of 234,422 shares, compared to its average volume of 2,006,914. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.02. Qudian has a fifty-two week low of $4.00 and a fifty-two week high of $17.80. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 4.72 and a beta of 1.33.
Qudian (NYSE:QD) last announced its earnings results on Wednesday, November 21st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $2.41 billion. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the stock. Financial Gravity Companies Inc. bought a new position in Qudian during the fourth quarter worth $29,000. Legal & General Group Plc bought a new stake in Qudian in the 3rd quarter valued at $38,000. Mackenzie Financial Corp bought a new stake in Qudian in the 4th quarter valued at $58,000. Ayalon Holdings Ltd. increased its holdings in Qudian by 183.7% in the 4th quarter. Ayalon Holdings Ltd. now owns 17,400 shares of the company’s stock valued at $75,000 after buying an additional 11,266 shares during the period. Finally, Virtu Financial LLC increased its holdings in Qudian by 66.1% in the 4th quarter. Virtu Financial LLC now owns 21,933 shares of the company’s stock valued at $94,000 after buying an additional 8,727 shares during the period. 4.48% of the stock is currently owned by institutional investors and hedge funds.
Qudian Company Profile
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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