LexinFintech (NASDAQ:LX) Shares Gap Down – Time to Sell?

LexinFintech Holdings Ltd. (NASDAQ:LX)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $9.36, but opened at $8.81. LexinFintech shares last traded at $7.87, with a volume of 2,979,505 shares.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of LexinFintech from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th.

LexinFintech Trading Down 14.9 %

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 firm has a fifty day moving average price of $6.97 and a 200 day moving average price of $4.39. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 12.63 and a beta of 0.66.

LexinFintech (NASDAQ:LX) last released its quarterly earnings data on Monday, November 25th. The company reported $0.26 earnings per share (EPS) for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.

Institutional Trading of LexinFintech

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wolverine Trading LLC bought a new position in LexinFintech during the 3rd quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in LexinFintech during the fourth quarter worth about $29,000. Centiva Capital LP acquired a new stake in LexinFintech in the 3rd quarter worth about $41,000. Ameriprise Financial Inc. bought a new stake in LexinFintech in the 4th quarter valued at about $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of LexinFintech during the 4th quarter worth approximately $70,000.

About LexinFintech

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.