LexinFintech (NASDAQ:LX) Issues Earnings Results

LexinFintech (NASDAQ:LX) released its quarterly earnings results on Tuesday. The company reported $0.28 EPS for the quarter, Zacks reports. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

LexinFintech Price Performance

NASDAQ LX traded up $0.06 on Tuesday, hitting $10.59. 5,136,330 shares of the company were exchanged, compared to its average volume of 2,404,680. The firm has a 50 day moving average of $7.96 and a two-hundred day moving average of $5.22. The company has a market cap of $1.74 billion, a P/E ratio of 16.81 and a beta of 0.60. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. LexinFintech has a 1-year low of $1.56 and a 1-year high of $10.99.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of LexinFintech from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th.

LexinFintech Company Profile

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.