Qudian (NYSE:QD) Shares Down 10.8%


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Qudian Inc. (NYSE:QD) was down 10.8% during trading on Tuesday . The company traded as low as $2.28 and last traded at $2.47. Approximately 10,293,813 shares traded hands during trading, an increase of 17% from the average daily volume of 8,769,261 shares. The stock had previously closed at $2.77.

Separately, TheStreet upgraded Qudian from a “d+” rating to a “c-” rating in a research note on Friday, February 5th.

The company has a market capitalization of $732.21 million, a P/E ratio of 10.74 and a beta of 1.11. The company has a debt-to-equity ratio of 0.09, a quick ratio of 11.97 and a current ratio of 11.97. The stock has a 50 day moving average price of $2.37 and a 200 day moving average price of $1.67.

Qudian (NYSE:QD) last released its earnings results on Sunday, December 13th. The company reported $2.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $1.90. Qudian had a negative return on equity of 1.66% and a net margin of 8.86%. The company had revenue of $125.11 million for the quarter.

A number of institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System raised its stake in Qudian by 3.8% in the 3rd quarter. California Public Employees Retirement System now owns 427,288 shares of the company’s stock valued at $530,000 after acquiring an additional 15,564 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in Qudian during the 3rd quarter valued at about $41,000. ExodusPoint Capital Management LP purchased a new position in Qudian during the 3rd quarter valued at about $111,000. BlackRock Inc. grew its holdings in Qudian by 5.6% during the 3rd quarter. BlackRock Inc. now owns 3,171,069 shares of the company’s stock valued at $3,933,000 after buying an additional 168,111 shares in the last quarter. Finally, UG Investment Advisers Ltd. purchased a new position in Qudian during the 4th quarter valued at about $600,000.

Qudian Company Profile (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.

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