Qudian (NYSE:QD) Trading 0.8% Higher – What’s Next?

Qudian Inc. (NYSE:QD) shot up 0.8% during mid-day trading on Tuesday . The stock traded as high as $2.49 and last traded at $2.43. 559,556 shares were traded during trading, a decline of 21% from the average session volume of 710,520 shares. The stock had previously closed at $2.41.

Qudian Stock Performance

The stock’s fifty day moving average is $2.06 and its 200 day moving average is $1.97. The stock has a market cap of $487.46 million, a P/E ratio of -13.50 and a beta of 0.60.

Qudian (NYSE:QD) last announced its earnings results on Friday, September 6th. The company reported $0.07 EPS for the quarter. Qudian had a negative return on equity of 2.35% and a negative net margin of 134.42%. The firm had revenue of $7.34 million during the quarter.

Hedge Funds Weigh In On Qudian

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Qudian by 31.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company’s stock worth $2,838,000 after purchasing an additional 343,294 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Qudian during the 2nd quarter worth approximately $1,918,000. SG Americas Securities LLC boosted its holdings in Qudian by 40.2% during the 1st quarter. SG Americas Securities LLC now owns 569,447 shares of the company’s stock valued at $1,424,000 after acquiring an additional 163,397 shares during the period. Jane Street Group LLC grew its position in Qudian by 5,018.4% in the 1st quarter. Jane Street Group LLC now owns 3,030,452 shares of the company’s stock valued at $7,576,000 after acquiring an additional 2,971,245 shares during the last quarter. Finally, Ballentine Partners LLC increased its stake in Qudian by 91.4% in the second quarter. Ballentine Partners LLC now owns 21,934 shares of the company’s stock worth $43,000 after purchasing an additional 10,476 shares during the period. 8.10% of the stock is owned by hedge funds and other institutional investors.

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.