Qudian (NYSE:QD) Sets New 12-Month High – Time to Buy?

Qudian Inc. (NYSE:QD)’s stock price reached a new 52-week high during trading 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 Price Performance

The firm has a 50-day simple moving average of $2.85 and a 200 day simple moving average of $2.39. The company has a market capitalization of $660.98 million, a PE ratio of 82.38 and a beta of 0.72.

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

Institutional Trading of Qudian

Hedge funds and other institutional investors have recently modified their holdings of the business. Seldon Capital LP bought a new stake in Qudian in the fourth quarter valued at about $92,000. Marshall Wace LLP boosted its stake in Qudian by 44.5% in the fourth quarter. Marshall Wace LLP now owns 274,308 shares of the company’s stock valued at $774,000 after acquiring an additional 84,532 shares during the period. Russell Investments Group Ltd. boosted its stake in Qudian by 88.0% in the fourth quarter. Russell Investments Group Ltd. now owns 49,555 shares of the company’s stock valued at $142,000 after acquiring an additional 23,198 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Qudian by 12.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,242,435 shares of the company’s stock valued at $3,504,000 after acquiring an additional 140,517 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in Qudian in the fourth quarter valued at approximately $442,000. 8.10% of the stock is owned by hedge funds and other institutional investors.

About Qudian

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.