PPDAI Group (NYSE:FINV) Reaches New 52-Week Low – Here’s Why

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) hit a new 52-week low during trading on Wednesday . The company traded as low as $3.22 and last traded at $3.2350, with a volume of 125662 shares changing hands. The stock had previously closed at $3.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings downgraded PPDAI Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 28th. Citigroup restated a “neutral” rating and issued a $4.10 price target (down from $8.10) on shares of PPDAI Group in a research note on Friday, August 28th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, PPDAI Group presently has a consensus rating of “Reduce” and a consensus target price of $4.10.

PPDAI Group Trading Down 0.5%

The firm has a market capitalization of $791.91 million, a P/E ratio of 3.07 and a beta of 0.34. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $4.31 and a 200-day moving average of $4.77.

PPDAI Group (NYSE:FINV) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.28 earnings per share for the quarter. The firm had revenue of $500.91 million during the quarter. PPDAI Group had a return on equity of 12.31% and a net margin of 14.49%.

Institutional Investors Weigh In On PPDAI Group

Several institutional investors and hedge funds have recently bought and sold shares of FINV. Squarepoint Ops LLC bought a new position in PPDAI Group in the 2nd quarter valued at about $119,000. FourThought Financial Partners LLC acquired a new position in PPDAI Group during the fourth quarter valued at approximately $120,000. Engineers Gate Manager LP bought a new stake in PPDAI Group during the second quarter worth $122,000. Finally, Abacus Wealth Partners LLC bought a new stake in PPDAI Group during the fourth quarter worth $221,000. Institutional investors own 31.15% of the company’s stock.

PPDAI Group Company Profile

PPDAI Group, now known as FinVolution Group, is a Chinese fintech company that operates an online consumer finance platform. The company uses technology, data analytics and automated risk-management tools to facilitate unsecured personal loans for underserved borrowers who may have limited access to traditional banking services.

Its platform connects borrowers with funding partners and supports the digital lending process, including customer acquisition, credit assessment, loan matching, account management and repayment services.