Qudian (NYSE:QD) Stock Price Down 4.1% – Here’s What Happened

Qudian Inc. (NYSE:QD) fell 4.1% during mid-day trading on Monday . The stock traded as low as $2.98 and last traded at $3.01. 148,036 shares were traded during trading, a decline of 79% from the average session volume of 708,009 shares. The stock had previously closed at $3.14.

Qudian Stock Down 5.4 %

The company has a 50-day moving average price of $2.32 and a 200-day moving average price of $1.99. The firm has a market capitalization of $595.78 million, a price-to-earnings ratio of 78.50 and a beta of 0.60.

Qudian (NYSE:QD) last issued its quarterly earnings data on Friday, September 6th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $7.34 million during 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 have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Qudian in the third quarter valued at $32,000. Ballentine Partners LLC increased its holdings in shares of Qudian by 91.4% in the second quarter. Ballentine Partners LLC now owns 21,934 shares of the company’s stock valued at $43,000 after buying an additional 10,476 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Qudian in the third quarter valued at $50,000. BNP Paribas Financial Markets increased its holdings in shares of Qudian by 248.8% in the third quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company’s stock valued at $61,000 after buying an additional 20,400 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in Qudian during the 2nd quarter valued at $65,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.

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.