LexinFintech (NASDAQ:LX) Sees Large Volume Increase – What’s Next?

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX) saw an uptick in trading volume on Tuesday . 653,594 shares were traded during trading, a decline of 60% from the previous session’s volume of 1,628,810 shares.The stock last traded at $6.33 and had previously closed at $5.90.

Wall Street Analyst Weigh In

Separately, Citigroup raised LexinFintech from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th.

LexinFintech Trading Up 9.7 %

The stock has a market cap of $1.06 billion, a PE ratio of 10.27 and a beta of 0.63. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a fifty day moving average price of $5.02 and a 200 day moving average price of $3.16.

Institutional Investors Weigh In On LexinFintech

Institutional investors and hedge funds have recently bought and sold shares of the company. Wolverine Trading LLC bought a new position in shares of LexinFintech during the 3rd quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of LexinFintech during the fourth quarter worth $29,000. Kathmere Capital Management LLC purchased a new stake in shares of LexinFintech during the 2nd quarter valued at $36,000. Centiva Capital LP acquired a new stake in shares of LexinFintech in the 3rd quarter worth $41,000. Finally, Virtu Financial LLC acquired a new position in LexinFintech during the 3rd quarter valued at about $74,000.

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.