Qudian (NYSE:QD) Stock Price Up 10.1% – What’s Next?

Qudian Inc. (NYSE:QD)’s stock price rose 10.1% during mid-day trading on Monday . The stock traded as high as $2.61 and last traded at $2.61. Approximately 256,335 shares changed hands during trading, a decline of 52% from the average daily volume of 530,670 shares. The stock had previously closed at $2.37.

Qudian Stock Down 0.6 %

The firm has a market capitalization of $516.55 million, a PE ratio of 64.38 and a beta of 0.47. The company has a 50-day moving average of $2.74 and a 200 day moving average of $2.65.

Qudian (NYSE:QD) last issued its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) EPS for the quarter. The business had revenue of $7.16 million for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%.

Hedge Funds Weigh In On Qudian

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. purchased a new position in Qudian in the 4th quarter worth $30,000. Brighton Jones LLC purchased a new position in shares of Qudian in the fourth quarter worth about $34,000. SBI Securities Co. Ltd. bought a new stake in shares of Qudian in the 4th quarter valued at about $57,000. XTX Topco Ltd bought a new stake in shares of Qudian in the 3rd quarter valued at about $50,000. Finally, Ballentine Partners LLC boosted its holdings in Qudian by 124.2% during the 4th quarter. Ballentine Partners LLC now owns 24,548 shares of the company’s stock valued at $69,000 after acquiring an additional 13,599 shares during the period. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

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.