LexinFintech (NASDAQ:LX) Hits New 12-Month High – Time to Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $10.45 and last traded at $10.32, with a volume of 2178995 shares. The stock had previously closed at $9.07.

Wall Street Analysts Forecast Growth

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

LexinFintech Trading Up 14.4 %

The company has a market capitalization of $1.70 billion, a P/E ratio of 16.44 and a beta of 0.60. The business has a 50 day moving average price of $7.78 and a 200 day moving average price of $5.05. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10.

Institutional Trading of LexinFintech

A number of large investors have recently made changes to their positions in LX. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in LexinFintech during the 4th quarter worth approximately $29,000. Wolverine Trading LLC bought a new stake in LexinFintech in the 3rd quarter valued at $29,000. Centiva Capital LP acquired a new position in LexinFintech in the 3rd quarter worth $41,000. Ameriprise Financial Inc. bought a new position in LexinFintech during the 4th quarter worth about $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of LexinFintech in the 4th quarter valued at 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.