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

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

Qudian Trading Up 6.1 %

The firm has a market capitalization 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 two-hundred day moving average price of $2.42.

Qudian (NYSE:QD) last announced 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 Investors Weigh In On Qudian

Hedge funds have recently modified their holdings of the stock. Sei Investments Co. purchased a new stake in shares of Qudian during the 4th quarter valued at about $30,000. Brighton Jones LLC purchased a new stake in Qudian during the 4th quarter worth approximately $34,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Qudian during the 3rd quarter worth approximately $32,000. SBI Securities Co. Ltd. purchased a new stake in Qudian during the 4th quarter worth approximately $57,000. Finally, XTX Topco Ltd purchased a new stake in Qudian during the 3rd quarter worth approximately $50,000. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

Qudian Company Profile

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.