LexinFintech (NASDAQ:LX) Releases Earnings Results

LexinFintech (NASDAQ:LX) released its 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%. The business had revenue of $501.26 million during the quarter.

LexinFintech Stock Up 1.7 %

Shares of NASDAQ LX opened at $10.77 on Thursday. LexinFintech has a 12-month low of $1.56 and a 12-month high of $11.46. The stock has a market cap of $1.77 billion, a PE ratio of 17.10 and a beta of 0.60. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $8.16 and a 200 day moving average of $5.32.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of LexinFintech from a “neutral” rating to a “buy” rating in a research note 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.