Qudian (QD) Shares Gap Up to $5.87

Qudian Inc – (NYSE:QD) gapped up prior to trading on Friday . The stock had previously closed at $6.94, but opened at $5.87. Qudian shares last traded at $4.97, with a volume of 4470961 shares traded.

Several equities research analysts have issued reports on QD shares. Needham & Company LLC downgraded Qudian from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. ValuEngine downgraded Qudian from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Macquarie downgraded Qudian from an “outperform” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Monday, August 27th. Finally, Sanford C. Bernstein downgraded Qudian from an “outperform” rating to a “market perform” rating and set a $7.00 price target for the company. in a report on Thursday, August 23rd. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $17.75.

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 2.22. The stock has a market capitalization of $1.94 billion and a price-to-earnings ratio of 4.58.

Qudian (NYSE:QD) last posted its quarterly earnings data on Wednesday, November 21st. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Qudian had a return on equity of 22.56% and a net margin of 30.49%. Qudian’s quarterly revenue was up 32.9% compared to the same quarter last year.

Several hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new position in Qudian during the second quarter valued at approximately $365,000. Guggenheim Capital LLC acquired a new position in Qudian during the first quarter valued at approximately $163,000. UBS Group AG boosted its position in Qudian by 4,335.3% during the first quarter. UBS Group AG now owns 53,223 shares of the company’s stock valued at $623,000 after purchasing an additional 52,023 shares during the last quarter. AMP Capital Investors Ltd acquired a new position in Qudian during the second quarter valued at approximately $731,000. Finally, GAM Holding AG acquired a new position in Qudian during the second quarter valued at approximately $530,000. 5.11% of the stock is owned by institutional investors.

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Qudian Company Profile (NYSE:QD)

Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers cash credit products, such as cash short-term unsecured lines of credit, which are distributed in digital form; and merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis, as well as budget auto financing products.

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