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

Qudian Inc. (NYSE:QD) rose 2.9% during trading on Monday . The stock traded as high as $2.73 and last traded at $2.71. Approximately 218,022 shares changed hands during trading, a decline of 60% from the average daily volume of 550,420 shares. The stock had previously closed at $2.63.

Qudian Stock Performance

The firm’s 50-day moving average price is $2.86 and its two-hundred day moving average price is $2.62. The stock has a market cap of $534.60 million, a price-to-earnings ratio of 66.63 and a beta of 0.70.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in QD. SG Americas Securities LLC raised its position in Qudian by 35.1% in the fourth 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. SBI Securities Co. Ltd. acquired a new stake in shares of Qudian during the 4th quarter worth about $57,000. BNP Paribas Financial Markets raised its holdings in Qudian by 248.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company’s stock valued at $61,000 after buying an additional 20,400 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Qudian in the 3rd quarter valued at about $846,000. Finally, Ballentine Partners LLC lifted its position in Qudian by 124.2% in the fourth quarter. Ballentine Partners LLC now owns 24,548 shares of the company’s stock valued at $69,000 after buying an additional 13,599 shares during the last quarter. 8.10% of the stock is currently owned by institutional investors and hedge funds.

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.