Qudian Inc – (NYSE:QD) gapped up prior to trading on Friday . The stock had previously closed at $2.17, but opened at $2.24. Qudian shares last traded at $2.25, with a volume of 8,574,532 shares changing hands.

QD has been the topic of several recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of Qudian in a research report on Sunday, January 19th. Zacks Investment Research cut shares of Qudian from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 25th. CICC Research downgraded shares of Qudian from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 21st. Morgan Stanley lowered shares of Qudian from an “overweight” rating to an “equal weight” rating and set a $3.80 price target on the stock. in a report on Tuesday, January 21st. Finally, Credit Suisse Group cut shares of Qudian from an “outperform” rating to a “neutral” rating and set a $4.03 price objective on the stock. in a research note on Wednesday, January 22nd. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $5.81.

The stock has a 50 day moving average of $3.69 and a 200 day moving average of $6.04. The company has a market capitalization of $790.01 million, a price-to-earnings ratio of 1.19 and a beta of 1.56. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 0.23.

Qudian (NYSE:QD) last released its earnings results on Monday, November 25th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). Qudian had a net margin of 44.87% and a return on equity of 33.49%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the company posted $0.32 EPS. The business’s revenue for the quarter was up 34.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Qudian Inc – will post 1.67 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in QD. Invesco Ltd. lifted its stake in Qudian by 4.7% in the second quarter. Invesco Ltd. now owns 258,844 shares of the company’s stock valued at $1,941,000 after buying an additional 11,513 shares during the period. Royal Bank of Canada lifted its position in shares of Qudian by 37.8% during the 2nd quarter. Royal Bank of Canada now owns 98,811 shares of the company’s stock valued at $741,000 after acquiring an additional 27,125 shares during the period. Atria Investments LLC acquired a new position in shares of Qudian during the 2nd quarter valued at $110,000. Macquarie Group Ltd. bought a new position in Qudian during the second quarter worth $120,000. Finally, Financial Gravity Wealth Inc. boosted its stake in Qudian by 83.9% during the third quarter. Financial Gravity Wealth Inc. now owns 14,572 shares of the company’s stock worth $100,000 after acquiring an additional 6,650 shares in the last quarter. Institutional investors and hedge funds own 38.82% of the company’s stock.

Qudian Company Profile (NYSE:QD)

Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers small credit products, such as cash credit products; merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis; and budget auto financing products.

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