LexinFintech Holdings Ltd. (NASDAQ:LX – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $3.18 and last traded at $3.09, with a volume of 5093151 shares. The stock had previously closed at $2.72.
LexinFintech Price Performance
The stock has a market cap of $531.78 million, a price-to-earnings ratio of 3.96 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.77 and a current ratio of 1.77. The company has a 50-day simple moving average of $1.76 and a two-hundred day simple moving average of $1.77.
LexinFintech (NASDAQ:LX – Get Free Report) last issued its earnings results on Tuesday, August 27th. The company reported $0.19 earnings per share (EPS) for the quarter. LexinFintech had a net margin of 5.80% and a return on equity of 8.16%. The business had revenue of $500.98 million during the quarter.
LexinFintech Increases Dividend
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Paloma Partners Management Co acquired a new position in shares of LexinFintech during the 1st quarter worth approximately $30,000. Kathmere Capital Management LLC acquired a new stake in shares of LexinFintech during the 2nd quarter worth $36,000. QRG Capital Management Inc. raised its stake in LexinFintech by 38.7% in the first quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock valued at $98,000 after purchasing an additional 15,245 shares in the last quarter. Virtu Financial LLC bought a new stake in LexinFintech during the first quarter worth about $149,000. Finally, American Century Companies Inc. grew its stake in LexinFintech by 33.2% during the second quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock worth $501,000 after buying an additional 75,759 shares in the last quarter.
About LexinFintech
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.
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