LexinFintech (NASDAQ:LX) Shares Gap Down – Should You Sell?

LexinFintech Holdings Ltd. (NASDAQ:LX)’s share price gapped down prior to trading on Monday . The stock had previously closed at $5.91, but opened at $5.75. LexinFintech shares last traded at $5.76, with a volume of 948,805 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded LexinFintech from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th.

LexinFintech Trading Down 3.9 %

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The company has a 50 day moving average of $3.89 and a two-hundred day moving average of $2.54. The stock has a market cap of $932.26 million, a PE ratio of 8.97 and a beta of 0.68.

Institutional Investors Weigh In On LexinFintech

Large investors have recently bought and sold shares of the company. Wolverine Trading LLC purchased a new stake in LexinFintech during the 3rd quarter worth approximately $29,000. Kathmere Capital Management LLC acquired a new position in shares of LexinFintech during the 2nd quarter worth approximately $36,000. Centiva Capital LP acquired a new position in shares of LexinFintech during the 3rd quarter worth approximately $41,000. Virtu Financial LLC acquired a new position in shares of LexinFintech during the 3rd quarter worth approximately $74,000. Finally, SG Americas Securities LLC acquired a new position in shares of LexinFintech during the 3rd quarter worth approximately $122,000.

About LexinFintech

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.