Qudian (NYSE:QD) Shares Down 5.6% – Should You Sell?

Qudian Inc. (NYSE:QD) was down 5.6% during trading on Tuesday . The stock traded as low as $3.08 and last traded at $3.10. Approximately 162,532 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 320,992 shares. The stock had previously closed at $3.28.

Qudian Price Performance

The firm has a market capitalization of $626.88 million, a P/E ratio of 78.13 and a beta of 0.72. The firm’s 50 day moving average is $2.85 and its two-hundred day moving average is $2.40.

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

Institutional Trading of Qudian

Several institutional investors and hedge funds have recently bought and sold shares of QD. SG Americas Securities LLC increased its holdings in shares of Qudian by 35.1% during the 4th quarter. SG Americas Securities LLC now owns 368,384 shares of the company’s stock worth $1,039,000 after acquiring an additional 95,778 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Qudian by 248.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company’s stock worth $61,000 after buying an additional 20,400 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Qudian during the 3rd quarter worth about $846,000. Ballentine Partners LLC grew its stake in Qudian by 124.2% in the 4th quarter. Ballentine Partners LLC now owns 24,548 shares of the company’s stock valued at $69,000 after buying an additional 13,599 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Qudian in the 3rd quarter valued at about $32,000. Institutional investors own 8.10% of the company’s stock.

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.