Qudian (NYSE:QD) Sees Large Volume Increase – What’s Next?

Qudian Inc. (NYSE:QD) shares saw an uptick in trading volume on Wednesday . 284,681 shares traded hands during trading, a decline of 60% from the previous session’s volume of 704,779 shares.The stock last traded at $2.91 and had previously closed at $3.05.

Qudian Price Performance

The firm has a market cap of $601.80 million, a price-to-earnings ratio of 74.25 and a beta of 0.60. The stock has a 50-day moving average price of $2.24 and a 200 day moving average price of $1.97.

Qudian (NYSE:QD) last posted its quarterly earnings results on Friday, September 6th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $7.34 million 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

A number of institutional investors have recently added to or reduced their stakes in QD. Jane Street Group LLC boosted its position in shares of Qudian by 5,018.4% in the first quarter. Jane Street Group LLC now owns 3,030,452 shares of the company’s stock worth $7,576,000 after buying an additional 2,971,245 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Qudian during the 2nd quarter worth $1,918,000. Public Employees Retirement System of Ohio acquired a new position in Qudian in the third quarter worth about $846,000. Dimensional Fund Advisors LP increased its holdings in shares of Qudian by 31.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company’s stock valued at $2,838,000 after acquiring an additional 343,294 shares during the last quarter. Finally, Caprock Group LLC bought a new stake in Qudian during the second quarter valued at $65,000. Hedge funds and other institutional investors 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.