LexinFintech (NASDAQ:LX) Sets New 52-Week High – Here’s What Happened

LexinFintech Holdings Ltd. (NASDAQ:LX)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $8.67 and last traded at $8.46, with a volume of 2905228 shares trading hands. The stock had previously closed at $8.09.

Analyst Ratings Changes

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

LexinFintech Trading Down 5.0 %

The firm has a fifty day moving average of $6.63 and a two-hundred day moving average of $4.06. The company has a market cap of $1.35 billion, a PE ratio of 13.02 and a beta of 0.66. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10.

LexinFintech (NASDAQ:LX) last announced its quarterly earnings data on Monday, November 25th. The company reported $0.26 earnings per share for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Wolverine Trading LLC bought a new position in LexinFintech in the 3rd quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in LexinFintech in the 4th quarter worth about $29,000. Centiva Capital LP bought a new position in LexinFintech in the 3rd quarter worth about $41,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in LexinFintech in the 4th quarter worth about $70,000. Finally, Tower Research Capital LLC TRC boosted its stake in LexinFintech by 146.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company’s stock worth $71,000 after purchasing an additional 7,227 shares during the period.

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.