Copper Rock Capital Partners LLC purchased a new position in shares of Qudian Inc – (NYSE:QD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 244,367 shares of the company’s stock, valued at approximately $3,033,000. Copper Rock Capital Partners LLC owned approximately 0.07% of Qudian as of its most recent filing with the Securities and Exchange Commission (SEC).
Several analysts recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective (down previously from $30.00) on shares of Qudian in a research note on Tuesday, December 5th. assumed coverage on shares of Qudian in a research note on Wednesday, November 15th. They issued a “buy” rating and a $35.00 price objective on the stock. Citigroup assumed coverage on shares of Qudian in a research note on Tuesday, November 14th. They issued a “buy” rating on the stock. ValuEngine raised shares of Qudian from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 price target (down previously from $35.00) on shares of Qudian in a research report on Thursday, November 23rd. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $24.50.
Shares of Qudian Inc – (NYSE QD) opened at $12.00 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -0.14. Qudian Inc – has a 1 year low of $11.33 and a 1 year high of $35.45.
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Qudian Inc provides cash credit products, which provide funds in digital form, and merchandise credit products. The Company operates through an online platform and all the transaction are facilitated through mobile devices. Borrowers can apply for credit on their mobile phones and receive approval within a few seconds.
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