Qudian (NYSE:QD) Shares Up 2.9% – Time to Buy?

Qudian Inc. (NYSE:QD)’s share price shot up 2.9% during trading on Monday . The stock traded as high as $2.73 and last traded at $2.71. 218,022 shares traded hands during trading, a decline of 60% from the average session volume of 550,420 shares. The stock had previously closed at $2.63.

Qudian Stock Up 2.1 %

The stock has a fifty day simple moving average of $2.87 and a 200-day simple moving average of $2.61. The company has a market capitalization of $538.61 million, a P/E ratio of 67.13 and a beta of 0.70.

Qudian (NYSE:QD) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter. The firm had revenue of $7.16 million 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

A number of institutional investors and hedge funds have recently modified their holdings of QD. Two Sigma Advisers LP increased its stake in Qudian by 21.1% in the fourth quarter. Two Sigma Advisers LP now owns 108,084 shares of the company’s stock valued at $305,000 after purchasing an additional 18,800 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Qudian by 28.5% during the 4th quarter. Two Sigma Investments LP now owns 302,316 shares of the company’s stock valued at $853,000 after purchasing an additional 67,014 shares in the last quarter. Oasis Management Co Ltd. raised its holdings in Qudian by 609.9% during the 4th quarter. Oasis Management Co Ltd. now owns 197,875 shares of the company’s stock worth $558,000 after buying an additional 170,000 shares during the period. Bank of America Corp DE raised its holdings in Qudian by 17.1% during the 4th quarter. Bank of America Corp DE now owns 54,351 shares of the company’s stock worth $153,000 after buying an additional 7,951 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Qudian by 31.7% in the fourth quarter. BNP Paribas Financial Markets now owns 37,671 shares of the company’s stock valued at $106,000 after buying an additional 9,070 shares during the period. 8.10% of the stock is owned by institutional investors.

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.