PPDAI Group (NYSE:FINV) Sets New 52-Week Low – Time to Sell?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $4.23 and last traded at $4.2150, with a volume of 75901 shares trading hands. The stock had previously closed at $4.37.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of PPDAI Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

PPDAI Group Stock Down 4.6%

The company has a debt-to-equity ratio of 0.07, a current ratio of 3.36 and a quick ratio of 3.36. The firm has a 50-day simple moving average of $4.68 and a two-hundred day simple moving average of $4.98. The company has a market cap of $976.81 million, a PE ratio of 3.37 and a beta of 0.36.

PPDAI Group (NYSE:FINV) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.29 earnings per share (EPS) for the quarter. PPDAI Group had a return on equity of 14.22% and a net margin of 16.58%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FINV. Farther Finance Advisors LLC lifted its holdings in PPDAI Group by 57.7% in the 4th quarter. Farther Finance Advisors LLC now owns 5,695 shares of the company’s stock valued at $30,000 after purchasing an additional 2,083 shares in the last quarter. FourThought Financial Partners LLC purchased a new stake in shares of PPDAI Group during the fourth quarter worth about $120,000. Abacus Wealth Partners LLC purchased a new stake in shares of PPDAI Group during the fourth quarter worth about $221,000. Royal Bank of Canada raised its position in shares of PPDAI Group by 114.5% in the first quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock valued at $571,000 after buying an additional 31,641 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of PPDAI Group by 2.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 475,988 shares of the company’s stock valued at $4,584,000 after buying an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 31.15% of the company’s stock.

PPDAI Group Company Profile

PPDAI Group Inc operates an online consumer finance marketplace that connects individual and institutional investors with personal and small-business borrowers. Through its digital platform, the company facilitates unsecured consumer loans, auto refinancing loans and small-business financing by leveraging proprietary credit assessment tools and big data analytics. Investors gain exposure to a diversified portfolio of retail credit assets, while borrowers benefit from streamlined application processes and competitive financing rates.

At the core of PPDAI’s offering is a multi-layered risk management framework that combines automated credit scoring, manual underwriting oversight and third-party data verification.