Qudian (NYSE:QD) Stock Price Up 2.9% – What’s Next?

Qudian Inc. (NYSE:QD)’s share price traded up 2.9% during trading on Monday . The company traded as high as $2.73 and last traded at $2.71. 218,022 shares were traded during trading, a decline of 60% from the average session volume of 550,420 shares. The stock had previously closed at $2.63.

Qudian Price Performance

The business has a 50-day moving average of $2.87 and a 200-day moving average of $2.61. The firm has a market cap of $538.61 million, a price-to-earnings ratio of 67.13 and a beta of 0.70.

Qudian (NYSE:QD) last announced its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $7.16 million for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%.

Institutional Trading of Qudian

A number of hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Qudian by 12.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,242,435 shares of the company’s stock worth $3,504,000 after acquiring an additional 140,517 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Qudian during the 3rd quarter worth approximately $846,000. SG Americas Securities LLC boosted its stake in Qudian by 35.1% in the 4th quarter. SG Americas Securities LLC now owns 368,384 shares of the company’s stock valued at $1,039,000 after purchasing an additional 95,778 shares during the period. Two Sigma Investments LP grew its holdings in Qudian by 28.5% in the 4th quarter. Two Sigma Investments LP now owns 302,316 shares of the company’s stock valued at $853,000 after buying an additional 67,014 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Qudian by 44.5% during the 4th quarter. Marshall Wace LLP now owns 274,308 shares of the company’s stock worth $774,000 after buying an additional 84,532 shares during the period. Institutional investors and hedge funds own 8.10% of the company’s stock.

Qudian Company Profile

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.