Qudian (NYSE:QD) Shares Down 3.2% – Time to Sell?

Qudian Inc. (NYSE:QD) was down 3.2% during mid-day trading on Monday . The stock traded as low as $2.75 and last traded at $2.75. Approximately 317,749 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 556,402 shares. The stock had previously closed at $2.84.

Qudian Stock Performance

The stock’s 50 day moving average is $2.87 and its 200 day moving average is $2.59. The company has a market capitalization of $538.61 million, a PE ratio of 67.13 and a beta of 0.70.

Qudian (NYSE:QD) last issued its earnings results on Thursday, March 20th. The company reported ($0.05) EPS for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%. The company had revenue of $7.16 million during the quarter.

Institutional Trading of Qudian

A number of hedge funds and other institutional investors have recently bought and sold shares of QD. Sei Investments Co. purchased a new position in shares of Qudian during the 4th quarter valued at $30,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Qudian in the third quarter valued at $32,000. Brighton Jones LLC purchased a new stake in Qudian during the fourth quarter valued at about $34,000. XTX Topco Ltd purchased a new stake in Qudian during the third quarter valued at about $50,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Qudian in the 4th quarter worth about $57,000. Institutional investors own 8.10% of the company’s stock.

About Qudian

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.