Several other research firms have also recently issued reports on QD. Zacks Investment Research raised HB Fuller from a sell rating to a hold rating in a research note on Tuesday, June 11th. China Renaissance Securities started coverage on 360 Finance in a research note on Tuesday, May 14th. They issued a buy rating and a $29.00 price target for the company. TheStreet cut WCF Bancorp from a c rating to a d+ rating in a research note on Thursday, April 18th. Finally, Morgan Stanley raised Qudian from an equal weight rating to an overweight rating and set a $7.00 price target for the company in a research note on Monday, April 8th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $13.60.
Shares of QD opened at $8.36 on Tuesday. Qudian has a 12 month low of $4.00 and a 12 month high of $9.15. The company has a market cap of $2.88 billion, a P/E ratio of 7.40 and a beta of 1.63. The stock’s fifty day moving average is $7.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.91 and a current ratio of 2.91.
Institutional investors have recently made changes to their positions in the company. Diversified Trust Co acquired a new stake in Qudian during the 2nd quarter valued at $836,000. Equitec Specialists LLC acquired a new stake in Qudian during the 2nd quarter valued at $150,000. Greenwoods Asset Management Ltd acquired a new stake in Qudian during the 1st quarter valued at $1,609,000. Banco Santander S.A. acquired a new stake in Qudian during the 1st quarter valued at $68,000. Finally, Prescott Group Capital Management L.L.C. acquired a new stake in Qudian during the 1st quarter valued at $51,000. Institutional investors and hedge funds own 11.84% of the company’s stock.
Qudian Company Profile
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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