Qudian (NYSE:QD) Trading Up 0.8% – Here’s Why

Qudian Inc. (NYSE:QD) shares shot up 0.8% on Tuesday . The stock traded as high as $2.49 and last traded at $2.43. 559,556 shares changed hands during trading, a decline of 21% from the average session volume of 710,520 shares. The stock had previously closed at $2.41.

Qudian Price Performance

The firm has a 50-day moving average of $2.06 and a 200 day moving average of $1.97. The company has a market capitalization of $487.46 million, a PE ratio of -13.50 and a beta of 0.60.

Qudian (NYSE:QD) last issued its earnings results on Friday, September 6th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $7.34 million for the quarter. Qudian had a negative net margin of 134.42% and a negative return on equity of 2.35%.

Institutional Investors Weigh In On Qudian

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Qudian by 31.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company’s stock worth $2,838,000 after purchasing an additional 343,294 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Qudian in the 2nd quarter worth $1,918,000. SG Americas Securities LLC raised its holdings in Qudian by 40.2% during the first quarter. SG Americas Securities LLC now owns 569,447 shares of the company’s stock valued at $1,424,000 after acquiring an additional 163,397 shares during the period. Jane Street Group LLC lifted its position in shares of Qudian by 5,018.4% in the first quarter. Jane Street Group LLC now owns 3,030,452 shares of the company’s stock valued at $7,576,000 after acquiring an additional 2,971,245 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of Qudian by 91.4% in the second quarter. Ballentine Partners LLC now owns 21,934 shares of the company’s stock valued at $43,000 after acquiring an additional 10,476 shares in the last quarter. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

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.