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

Shares of Qudian Inc. (NYSE:QD) gapped down prior to trading on Wednesday . The stock had previously closed at $2.98, but opened at $2.90. Qudian shares last traded at $2.99, with a volume of 124,337 shares changing hands.

Qudian Stock Down 0.5 %

The firm has a market capitalization of $588.76 million, a PE ratio of 73.38 and a beta of 0.76. The business has a 50-day moving average price of $2.78 and a 200-day moving average price of $2.27.

Qudian (NYSE:QD) last issued its earnings results on Friday, November 22nd. The company reported $0.10 earnings per share (EPS) for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%.

Institutional Investors Weigh In On Qudian

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Qudian in the 4th quarter valued at approximately $34,000. Ballentine Partners LLC lifted its holdings in Qudian by 124.2% in the fourth quarter. Ballentine Partners LLC now owns 24,548 shares of the company’s stock valued at $69,000 after acquiring an additional 13,599 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Qudian in the third quarter worth approximately $32,000. BNP Paribas Financial Markets increased its stake in Qudian by 248.8% during the third quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company’s stock worth $61,000 after acquiring an additional 20,400 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Qudian in the third quarter valued at $50,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.

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.