Qudian (NYSE:QD) Shares Down 5.6% – Time to Sell?

Shares of Qudian Inc. (NYSE:QD) were down 5.6% on Tuesday . The company traded as low as $3.08 and last traded at $3.10. Approximately 162,532 shares changed hands during trading, a decline of 49% from the average daily volume of 320,992 shares. The stock had previously closed at $3.28.

Qudian Stock Up 6.1 %

The firm has a market cap of $646.94 million, a P/E ratio of 80.63 and a beta of 0.72. The business’s 50 day moving average is $2.86 and its 200-day moving average is $2.42.

Qudian (NYSE:QD) last announced its quarterly earnings data on Friday, November 22nd. The company reported $0.10 earnings per share for the quarter. Qudian had a net margin of 18.32% and a return on equity of 0.36%.

Institutional Trading of Qudian

Several institutional investors and hedge funds have recently bought and sold shares of QD. Bank of America Corp DE raised its position in shares of Qudian by 17.1% during the 4th quarter. Bank of America Corp DE now owns 54,351 shares of the company’s stock valued at $153,000 after acquiring an additional 7,951 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Qudian by 31.7% during the fourth quarter. BNP Paribas Financial Markets now owns 37,671 shares of the company’s stock worth $106,000 after purchasing an additional 9,070 shares during the period. Sei Investments Co. acquired a new stake in shares of Qudian during the fourth quarter worth $30,000. Brighton Jones LLC bought a new position in shares of Qudian in the 4th quarter worth about $34,000. Finally, Ballentine Partners LLC boosted its holdings in shares of Qudian by 124.2% in the 4th 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 period. Institutional investors and hedge funds own 8.10% of the company’s stock.

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.