LexinFintech (NASDAQ:LX) Announces Quarterly Earnings Results

LexinFintech (NASDAQ:LX) announced its quarterly earnings results on Tuesday. The company reported $0.28 EPS for the quarter, Zacks reports. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.

LexinFintech Price Performance

LexinFintech stock traded up $0.06 on Tuesday, reaching $10.59. The company’s stock had a trading volume of 5,136,330 shares, compared to its average volume of 2,404,638. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 16.81 and a beta of 0.60. The business’s fifty day moving average price is $7.96 and its 200 day moving average price is $5.22. LexinFintech has a twelve month low of $1.56 and a twelve month high of $10.99.

Analyst Upgrades and Downgrades

Separately, Citigroup raised LexinFintech from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th.

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.