Hexindai (NASDAQ:HX) Trading 18.1% Higher

Hexindai Inc – (NASDAQ:HX)’s stock price shot up 18.1% during mid-day trading on Thursday . The stock traded as high as $3.26 and last traded at $2.68. 5,269,559 shares changed hands during trading, an increase of 887% from the average session volume of 533,782 shares. The stock had previously closed at $2.27.

The business has a 50-day moving average of $1.73 and a 200-day moving average of $1.00. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.42. The stock has a market cap of $40.22 million, a price-to-earnings ratio of -1.50 and a beta of 1.37.

An institutional investor recently bought a new position in Hexindai stock. Virtu Financial LLC acquired a new stake in Hexindai Inc – (NASDAQ:HX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 34,249 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.07% of Hexindai at the end of the most recent quarter. 8.82% of the stock is owned by institutional investors and hedge funds.

About Hexindai (NASDAQ:HX)

Hexindai Inc operates a consumer lending marketplace that facilitates loans in China. It primarily focuses on facilitating medium-sized credit loans. The company provides borrowers a range of products based on customer segmentation data and tailored to the specific needs of the emerging middle class; and investors various types of investment products.

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