LexinFintech Holdings Ltd. (NASDAQ:LX – Get Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $3.68, but opened at $3.53. LexinFintech shares last traded at $3.30, with a volume of 2,134,781 shares changing hands.
LexinFintech Price Performance
The company has a debt-to-equity ratio of 0.22, a current ratio of 1.77 and a quick ratio of 1.77. The company’s 50-day simple moving average is $2.14 and its 200-day simple moving average is $1.89. The company has a market cap of $472.69 million, a price-to-earnings ratio of 3.79 and a beta of 0.56.
LexinFintech (NASDAQ:LX – Get Free Report) last released its earnings results on Tuesday, August 27th. The company reported $0.19 EPS for the quarter. The company had revenue of $500.98 million during the quarter. LexinFintech had a return on equity of 8.16% and a net margin of 5.80%.
LexinFintech Increases Dividend
Hedge Funds Weigh In On LexinFintech
Institutional investors and hedge funds have recently made changes to their positions in the business. Paloma Partners Management Co purchased a new position in shares of LexinFintech during the 1st quarter valued at approximately $30,000. Kathmere Capital Management LLC purchased a new position in shares of LexinFintech during the 2nd quarter valued at approximately $36,000. QRG Capital Management Inc. lifted its stake in LexinFintech by 38.7% during the first quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock worth $98,000 after purchasing an additional 15,245 shares during the last quarter. SG Americas Securities LLC bought a new position in LexinFintech during the third quarter worth $122,000. Finally, Virtu Financial LLC bought a new position in LexinFintech during the first quarter worth $149,000.
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.
See Also
- Five stocks we like better than LexinFintech
- Investing in Travel Stocks Benefits
- Should Warren Buffett’s Favorite Stock be Yours Too?
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Why Buffett Loves Occidental Stock And What It Means for Chevron
- Airline Stocks – Top Airline Stocks to Buy Now
- UnitedHealth Group Pulls Back Into a Healthy Buying Opportunity
Receive News & Ratings for LexinFintech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LexinFintech and related companies with MarketBeat.com's FREE daily email newsletter.