Copper Rock Capital Partners LLC Purchases Shares of 244,367 Qudian Inc – (QD)

Copper Rock Capital Partners LLC purchased a new position in shares of Qudian Inc – (NYSE:QD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 244,367 shares of the company’s stock, valued at approximately $3,033,000.

QD has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective (down previously from $30.00) on shares of Qudian in a research report on Tuesday, December 5th. ValuEngine upgraded Qudian from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 4th. Macquarie dropped their price objective on Qudian from $36.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, November 24th. Stifel Nicolaus reiterated a “buy” rating and set a $19.00 price objective (down previously from $35.00) on shares of Qudian in a research report on Thursday, November 23rd. Finally, Morgan Stanley initiated coverage on Qudian in a research report on Wednesday, November 15th. They set a “weight” rating for the company. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Qudian currently has an average rating of “Buy” and a consensus target price of $24.50.

Shares of Qudian Inc – (NYSE:QD) opened at $12.83 on Tuesday. The company has a market capitalization of $4,230.00 and a PE ratio of 14.42. Qudian Inc – has a 52-week low of $11.33 and a 52-week high of $35.45. The company has a debt-to-equity ratio of -0.14, a quick ratio of 1.39 and a current ratio of 1.39.

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About Qudian

Qudian Inc provides cash credit products, which provide funds in digital form, and merchandise credit products. The Company operates through an online platform and all the transaction are facilitated through mobile devices. Borrowers can apply for credit on their mobile phones and receive approval within a few seconds.

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