LexinFintech (NASDAQ:LX) Shares Gap Down – What’s Next?

LexinFintech Holdings Ltd. (NASDAQ:LX)’s share price gapped down prior to trading on Monday . The stock had previously closed at $9.36, but opened at $8.81. LexinFintech shares last traded at $7.87, with a volume of 2,979,505 shares changing hands.

Analyst Ratings Changes

Separately, Citigroup raised LexinFintech from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th.

LexinFintech Trading Up 9.3 %

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $1.45 billion, a PE ratio of 13.85 and a beta of 0.66. The business’s 50-day moving average is $7.01 and its two-hundred day moving average is $4.44.

LexinFintech (NASDAQ:LX) last issued its quarterly earnings results on Monday, November 25th. The company reported $0.26 earnings per share (EPS) for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of LexinFintech during the 4th quarter worth approximately $29,000. Wolverine Trading LLC acquired a new stake in LexinFintech in the third quarter valued at $29,000. Centiva Capital LP purchased a new position in shares of LexinFintech in the third quarter valued at $41,000. Ameriprise Financial Inc. acquired a new position in shares of LexinFintech during the 4th quarter worth $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of LexinFintech in the 4th quarter worth about $70,000.

About LexinFintech

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.