LexinFintech (NASDAQ:LX) Hits New 52-Week High – Should You Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $6.49 and last traded at $6.26, with a volume of 3606080 shares traded. The stock had previously closed at $5.90.

Analysts Set New Price Targets

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

LexinFintech Trading Down 0.6 %

The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 10.06 and a beta of 0.63. The business has a 50 day moving average of $5.17 and a 200 day moving average of $3.24. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.

Institutional Trading of LexinFintech

A number of hedge funds have recently bought and sold shares of LX. Wolverine Trading LLC acquired a new position in shares of LexinFintech during the 3rd quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of LexinFintech in the fourth quarter worth approximately $29,000. Kathmere Capital Management LLC purchased a new stake in LexinFintech in the second quarter valued at approximately $36,000. Centiva Capital LP acquired a new position in LexinFintech during the third quarter worth approximately $41,000. Finally, Virtu Financial LLC purchased a new position in LexinFintech during the third quarter worth approximately $74,000.

LexinFintech Company Profile

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.