Shares of Qifu Technology, Inc. (NASDAQ:QFIN – Get Free Report) reached a new 52-week high on Friday . The company traded as high as $34.92 and last traded at $34.08, with a volume of 418279 shares changing hands. The stock had previously closed at $32.03.
Qifu Technology Stock Up 2.9 %
The company has a market cap of $5.32 billion, a PE ratio of 8.15, a PEG ratio of 0.45 and a beta of 0.62. The company has a 50-day moving average of $27.05 and a 200-day moving average of $22.21.
Qifu Technology (NASDAQ:QFIN – Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.23. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. The firm had revenue of $572.44 million during the quarter, compared to analyst estimates of $582.69 million. As a group, equities analysts predict that Qifu Technology, Inc. will post 5.08 EPS for the current year.
Qifu Technology Increases Dividend
Institutional Investors Weigh In On Qifu Technology
Large investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC bought a new position in Qifu Technology during the second quarter valued at about $31,000. Blue Trust Inc. increased its stake in shares of Qifu Technology by 598.4% during the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after purchasing an additional 1,484 shares during the last quarter. USA Financial Formulas purchased a new position in Qifu Technology in the third quarter valued at approximately $41,000. Janiczek Wealth Management LLC grew its holdings in Qifu Technology by 131.4% during the first quarter. Janiczek Wealth Management LLC now owns 2,386 shares of the company’s stock valued at $44,000 after purchasing an additional 1,355 shares during the period. Finally, Signaturefd LLC increased its position in Qifu Technology by 67.3% in the second quarter. Signaturefd LLC now owns 7,283 shares of the company’s stock worth $144,000 after buying an additional 2,931 shares during the last quarter. 74.81% of the stock is owned by hedge funds and other institutional investors.
About Qifu Technology
Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.
Recommended Stories
- Five stocks we like better than Qifu Technology
- Golden Cross Stocks: Pattern, Examples and Charts
- Top 3 Stocks to Play Oil’s Potential Comeback Rally
- Why Invest in 5G? How to Invest in 5G Stocks
- Analysts See Growth in CrowdStrike Stock Despite July Setback
- The Most Important Warren Buffett Stock for Investors: His Own
- The Uptrend in Netflix Will Continue: Another 15% Upside Ahead
Receive News & Ratings for Qifu Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qifu Technology and related companies with MarketBeat.com's FREE daily email newsletter.