Qudian (NYSE:QD) Shares Gap Down – What’s Next?

Qudian Inc. (NYSE:QDGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $2.98, but opened at $2.90. Qudian shares last traded at $2.99, with a volume of 124,337 shares changing hands.

Qudian Price Performance

The company has a market cap of $588.76 million, a PE ratio of 73.38 and a beta of 0.76. The company’s 50 day simple moving average is $2.78 and its two-hundred day simple moving average is $2.27.

Qudian (NYSE:QDGet Free Report) last posted its earnings results on Friday, November 22nd. The company reported $0.10 earnings per share for the quarter. Qudian had a net margin of 18.32% and a return on equity of 0.36%.

Institutional Investors Weigh In On Qudian

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Qudian by 31.4% during 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 period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Qudian during the second quarter worth about $1,918,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Qudian in the third quarter valued at approximately $32,000. BNP Paribas Financial Markets grew its holdings in shares of Qudian by 248.8% in the third quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company’s stock valued at $61,000 after purchasing an additional 20,400 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Qudian during the 3rd quarter worth approximately $50,000. 8.10% of the stock is owned by institutional investors and hedge funds.

Qudian Company Profile

(Get Free Report)

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.

Further Reading

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