Qudian (NYSE:QD) Reaches New 12-Month High – What’s Next?

Qudian Inc. (NYSE:QD)’s stock price reached a new 52-week high on Saturday . The stock traded as high as $3.34 and last traded at $3.30, with a volume of 1037477 shares changing hands. The stock had previously closed at $2.98.

Qudian Stock Performance

The company’s 50 day moving average price is $2.85 and its 200-day moving average price is $2.39. The company has a market cap of $660.98 million, a price-to-earnings ratio of 82.38 and a beta of 0.72.

Qudian (NYSE:QD) last issued its earnings results on Friday, November 22nd. The company reported $0.10 earnings per share for the quarter. Qudian had a net margin of 18.32% and a return on equity of 0.36%.

Institutional Investors Weigh In On Qudian

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sei Investments Co. acquired a new stake in shares of Qudian in the fourth quarter worth $30,000. Brighton Jones LLC bought a new position in shares of Qudian in the fourth quarter worth about $34,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Qudian during the 3rd quarter worth about $32,000. SBI Securities Co. Ltd. acquired a new stake in Qudian in the 4th quarter valued at approximately $57,000. Finally, XTX Topco Ltd bought a new position in Qudian in the 3rd quarter worth approximately $50,000. 8.10% of the stock is owned by institutional investors and hedge funds.

Qudian Company Profile

Qudian Inc operates as a consumer-oriented technology company in the People's Republic of China. The company engages in the operation of online platforms to provide small consumer credit products. It also provides technology development and services; research and development services; and delivery services.