LexinFintech (NASDAQ:LX) Trading 1.8% Higher

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX) traded up 1.8% during mid-day trading on Friday . The stock traded as high as $1.73 and last traded at $1.72. 621,684 shares were traded during trading, a decline of 28% from the average session volume of 859,106 shares. The stock had previously closed at $1.69.

LexinFintech Stock Up 1.8 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market cap of $282.30 million, a price-to-earnings ratio of 2.26 and a beta of 0.54. The firm’s 50-day simple moving average is $1.77 and its two-hundred day simple moving average is $1.81.

LexinFintech (NASDAQ:LX) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $0.17 earnings per share for the quarter. The firm had revenue of $449.00 million during the quarter. LexinFintech had a net margin of 7.02% and a return on equity of 9.63%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. QRG Capital Management Inc. lifted its position in shares of LexinFintech by 38.7% in the first quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock worth $98,000 after purchasing an additional 15,245 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of LexinFintech in the first quarter worth $30,000. Tower Research Capital LLC TRC increased its holdings in LexinFintech by 257.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 25,248 shares of the company’s stock worth $46,000 after buying an additional 18,189 shares during the last quarter. ABS Direct Equity Fund LLC acquired a new position in LexinFintech during the fourth quarter worth $47,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in LexinFintech during the third quarter worth $64,000.

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.