Qudian (NYSE:QD) Shares Down 3.2% – What’s Next?

Shares of Qudian Inc. (NYSE:QD) were down 3.2% during trading on Monday . The company traded as low as $2.75 and last traded at $2.75. Approximately 317,749 shares were traded during trading, a decline of 43% from the average daily volume of 556,402 shares. The stock had previously closed at $2.84.

Qudian Stock Performance

The stock’s 50 day moving average is $2.87 and its two-hundred day moving average is $2.58. The stock has a market capitalization of $552.66 million, a PE ratio of 68.88 and a beta of 0.70.

Qudian (NYSE:QD) last issued its earnings results on Thursday, March 20th. The company reported ($0.05) EPS for the quarter. The business had revenue of $7.16 million during the quarter. Qudian had a net margin of 18.32% and a return on equity of 0.36%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QD. Arrowstreet Capital Limited Partnership lifted its position in Qudian by 12.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,242,435 shares of the company’s stock worth $3,504,000 after buying an additional 140,517 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Qudian during the 3rd quarter worth $846,000. SG Americas Securities LLC boosted its position 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 valued at $1,039,000 after acquiring an additional 95,778 shares during the last quarter. Two Sigma Investments LP boosted its position 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 acquiring an additional 67,014 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Qudian by 44.5% during the fourth quarter. Marshall Wace LLP now owns 274,308 shares of the company’s stock worth $774,000 after purchasing an additional 84,532 shares during the last quarter. 8.10% of the stock is currently 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.