Qudian (NYSE:QD) Trading 6.3% Higher – Here’s What Happened

Qudian Inc. (NYSE:QD) shares rose 6.3% during trading on Thursday . The stock traded as high as $3.22 and last traded at $3.23. Approximately 314,705 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 339,943 shares. The stock had previously closed at $3.04.

Qudian Trading Up 6.1 %

The company has a market cap of $646.94 million, a price-to-earnings ratio of 80.63 and a beta of 0.72. The firm has a 50-day moving average price of $2.86 and a 200 day moving average price of $2.42.

Qudian (NYSE:QD) last issued its earnings results on Friday, November 22nd. The company reported $0.10 EPS for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sei Investments Co. acquired a new position in shares of Qudian in the 4th quarter worth approximately $30,000. Brighton Jones LLC acquired a new position in Qudian during the 4th quarter valued at approximately $34,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Qudian during the 3rd quarter valued at approximately $32,000. SBI Securities Co. Ltd. acquired a new position in Qudian during the 4th quarter valued at approximately $57,000. Finally, XTX Topco Ltd acquired a new position in Qudian during the 3rd quarter valued at approximately $50,000. Institutional investors and hedge funds own 8.10% of the company’s stock.

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.