Qudian (NYSE:QD) Trading Down 1.7%

Shares of Qudian Inc. (NYSE:QD) dropped 1.7% during trading on Friday . The stock traded as low as $1.67 and last traded at $1.69. Approximately 538,992 shares changed hands during trading, a decline of 40% from the average daily volume of 895,104 shares. The stock had previously closed at $1.72.

Qudian Stock Down 1.7 %

The firm has a fifty day moving average price of $2.32 and a 200 day moving average price of $2.17. The company has a market cap of $339.01 million, a P/E ratio of 169.00 and a beta of 0.69.

Qudian (NYSE:QD) last announced its earnings results on Monday, March 18th. The company reported ($0.08) EPS for the quarter. The business had revenue of $8.99 million for the quarter. Qudian had a return on equity of 0.49% and a net margin of 47.30%.

Hedge Funds Weigh In On Qudian

Several large investors have recently made changes to their positions in the company. Ballentine Partners LLC acquired a new position in shares of Qudian during the first quarter valued at $29,000. Profund Advisors LLC acquired a new position in Qudian in the third quarter valued at about $25,000. Kathmere Capital Management LLC acquired a new position in Qudian in the first quarter valued at about $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Qudian in the third quarter valued at about $27,000. Finally, Headlands Technologies LLC lifted its stake in Qudian by 89,325.0% in the fourth quarter. Headlands Technologies LLC now owns 14,308 shares of the company’s stock valued at $29,000 after buying an additional 14,292 shares during the period. Institutional investors and hedge funds own 8.10% of the company’s stock.

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.