Qudian (NYSE:QD) Stock Price Up 9.2% – Here’s Why

Shares of Qudian Inc. (NYSE:QD) rose 9.2% on Friday . The company traded as high as $3.12 and last traded at $3.26. Approximately 490,918 shares traded hands during mid-day trading, an increase of 59% from the average daily volume of 309,527 shares. The stock had previously closed at $2.98.

Qudian Trading Up 10.6 %

The company has a market cap of $660.98 million, a PE ratio of 82.38 and a beta of 0.72. The business has a fifty day simple moving average of $2.85 and a two-hundred day simple moving average of $2.39.

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 Trading of Qudian

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. acquired a new stake in shares of Qudian during the 4th quarter worth about $30,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Qudian during the 3rd quarter worth about $32,000. Brighton Jones LLC acquired a new stake in shares of Qudian during the 4th quarter worth about $34,000. XTX Topco Ltd acquired a new stake in shares of Qudian during the 3rd quarter worth about $50,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Qudian during the 4th quarter worth about $57,000. 8.10% of the stock is 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.