Qudian (QD) Sets New 52-Week Low at $4.05

Qudian Inc – (NYSE:QD) reached a new 52-week low during trading on Tuesday . The stock traded as low as $4.05 and last traded at $4.09, with a volume of 88486 shares. The stock had previously closed at $4.30.

Several brokerages have issued reports on QD. Needham & Company LLC cut shares of Qudian from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Zacks Investment Research raised shares of Qudian from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 25th. Macquarie cut shares of Qudian from an “outperform” rating to a “neutral” rating and set a $36.00 target price for the company. in a report on Monday, August 27th. Finally, Sanford C. Bernstein cut shares of Qudian from an “outperform” rating to a “market perform” rating and set a $7.00 target price for the company. in a report on Thursday, August 23rd. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.20.

The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.54 billion and a PE ratio of 3.76.

Qudian (NYSE:QD) last issued its earnings results on Friday, August 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. Qudian had a net margin of 32.13% and a return on equity of 36.88%. The business had revenue of $339.07 million during the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Qudian by 46.1% during the first quarter. BlackRock Inc. now owns 1,185,749 shares of the company’s stock valued at $13,874,000 after purchasing an additional 373,996 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Qudian during the second quarter valued at approximately $365,000. Guggenheim Capital LLC bought a new stake in Qudian during the first quarter valued at approximately $163,000. UBS Group AG grew its position in Qudian by 4,335.3% during the first quarter. UBS Group AG now owns 53,223 shares of the company’s stock valued at $623,000 after buying an additional 52,023 shares during the period. Finally, AMP Capital Investors Ltd bought a new stake in Qudian during the second quarter valued at approximately $731,000. 5.42% of the stock is owned by hedge funds and other institutional investors.

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 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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