Qudian (NYSE:QD) Sets New 52-Week High – Here’s Why

Shares of Qudian Inc. (NYSE:QD) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $2.61 and last traded at $2.61, with a volume of 888852 shares trading hands. The stock had previously closed at $2.29.

Qudian Stock Down 0.3 %

The business’s 50 day moving average is $2.27 and its 200 day moving average is $1.98. The company has a market cap of $609.83 million, a P/E ratio of 76.00 and a beta of 0.60.

Qudian (NYSE:QD) last announced its quarterly earnings results on Friday, September 6th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $7.34 million for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%.

Institutional Trading of Qudian

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC raised its stake in shares of Qudian by 5,018.4% during the 1st quarter. Jane Street Group LLC now owns 3,030,452 shares of the company’s stock worth $7,576,000 after acquiring an additional 2,971,245 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Qudian during the second quarter worth $1,918,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Qudian during the 3rd quarter valued at $846,000. Dimensional Fund Advisors LP boosted its position in shares of Qudian by 31.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company’s stock worth $2,838,000 after purchasing an additional 343,294 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in Qudian during the 2nd quarter worth $65,000. 8.10% of the stock is owned by hedge funds and other institutional investors.

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.