Qudian (NYSE:QD) Shares Up 0.8% – Here’s Why

Qudian Inc. (NYSE:QD) shares shot up 0.8% during trading on Tuesday . The stock traded as high as $2.49 and last traded at $2.43. 559,556 shares traded hands during trading, a decline of 21% from the average session volume of 710,520 shares. The stock had previously closed at $2.41.

Qudian Price Performance

The stock has a 50 day simple moving average of $2.08 and a two-hundred day simple moving average of $1.97. The company has a market cap of $479.43 million, a price-to-earnings ratio of -13.28 and a beta of 0.60.

Qudian (NYSE:QD) last announced its quarterly earnings results on Friday, September 6th. The company reported $0.07 EPS for the quarter. Qudian had a negative return on equity of 2.35% and a negative net margin of 134.42%. The business had revenue of $7.34 million for the quarter.

Hedge Funds Weigh In On Qudian

Several hedge funds have recently bought and sold shares of the company. Ballentine Partners LLC increased its holdings in Qudian by 91.4% during the 2nd quarter. Ballentine Partners LLC now owns 21,934 shares of the company’s stock worth $43,000 after purchasing an additional 10,476 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Qudian by 8.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 201,538 shares of the company’s stock worth $504,000 after purchasing an additional 16,342 shares during the period. Caprock Group LLC purchased a new stake in Qudian during the 2nd quarter worth about $65,000. Caxton Associates LP increased its holdings in Qudian by 41.4% during the 1st quarter. Caxton Associates LP now owns 246,522 shares of the company’s stock worth $616,000 after purchasing an additional 72,146 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Qudian by 40.2% during the 1st quarter. SG Americas Securities LLC now owns 569,447 shares of the company’s stock worth $1,424,000 after purchasing an additional 163,397 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.