LexinFintech (NASDAQ:LX – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.28 EPS for the quarter, Zacks reports. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.
LexinFintech Stock Performance
Shares of LexinFintech stock traded up $0.06 during trading hours on Tuesday, reaching $10.59. The company’s stock had a trading volume of 5,136,330 shares, compared to its average volume of 2,404,680. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. LexinFintech has a one year low of $1.56 and a one year high of $10.99. The company’s 50 day simple moving average is $7.96 and its 200 day simple moving average is $5.22. The stock has a market cap of $1.74 billion, a P/E ratio of 16.81 and a beta of 0.60.
Analyst Ratings Changes
Separately, Citigroup raised shares of LexinFintech from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th.
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.
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