Hexindai (NASDAQ:HX) Trading 24.5% Higher

Hexindai Inc – (NASDAQ:HX)’s stock price traded up 24.5% during mid-day trading on Monday . The company traded as high as $0.90 and last traded at $0.66, 674,921 shares traded hands during trading. An increase of 208% from the average session volume of 219,142 shares. The stock had previously closed at $0.53.

Separately, Zacks Investment Research lowered Hexindai from a “hold” rating to a “sell” rating in a report on Friday, October 25th.

The business has a fifty day moving average of $0.86 and a 200-day moving average of $1.85. The stock has a market capitalization of $34.61 million, a price-to-earnings ratio of 6.60 and a beta of 0.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.09 and a quick ratio of 5.09.

Hexindai (NASDAQ:HX) last released its earnings results on Wednesday, September 18th. The company reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $4.92 million for the quarter, compared to analyst estimates of $8.42 million. Hexindai had a negative return on equity of 25.57% and a negative net margin of 214.46%. As a group, research analysts anticipate that Hexindai Inc – will post -0.07 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP acquired a new stake in Hexindai during the 2nd quarter worth about $75,000. Citadel Advisors LLC boosted its position in Hexindai by 35.4% during the 2nd quarter. Citadel Advisors LLC now owns 268,138 shares of the company’s stock worth $638,000 after acquiring an additional 70,101 shares during the period. Mackenzie Financial Corp boosted its position in Hexindai by 88.2% during the 2nd quarter. Mackenzie Financial Corp now owns 279,840 shares of the company’s stock worth $666,000 after acquiring an additional 131,174 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Hexindai by 15.8% during the 2nd quarter. Renaissance Technologies LLC now owns 633,280 shares of the company’s stock worth $1,507,000 after acquiring an additional 86,580 shares during the period. 3.05% of the stock is currently owned by hedge funds and other institutional investors.

Hexindai Company Profile (NASDAQ:HX)

Hexindai Inc operates a consumer lending marketplace that facilitates loans in China. It primarily focuses on facilitating medium-sized credit loans. The company provides borrowers a range of products based on customer segmentation data and tailored to the specific needs of the emerging middle class; and investors various types of investment products.

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