Qudian (NYSE:QD) Sees Strong Trading Volume – What’s Next?

Shares of Qudian Inc. (NYSE:QD) saw strong trading volume on Wednesday . 284,681 shares traded hands during mid-day trading, a decline of 60% from the previous session’s volume of 704,779 shares.The stock last traded at $2.91 and had previously closed at $3.05.

Qudian Trading Down 0.3 %

The stock has a market capitalization of $609.83 million, a PE ratio of 76.00 and a beta of 0.60. The business’s 50 day moving average is $2.27 and its 200 day moving average is $1.98.

Qudian (NYSE:QD) last announced its earnings results on Friday, September 6th. The company reported $0.07 earnings per share (EPS) for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%. The business had revenue of $7.34 million during the quarter.

Institutional Trading of Qudian

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC grew its holdings in shares of Qudian by 5,018.4% in the first quarter. Jane Street Group LLC now owns 3,030,452 shares of the company’s stock worth $7,576,000 after purchasing an additional 2,971,245 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Qudian in the second quarter valued at about $1,918,000. Public Employees Retirement System of Ohio bought a new stake in shares of Qudian in the third quarter valued at about $846,000. Dimensional Fund Advisors LP lifted its stake in Qudian by 31.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company’s stock worth $2,838,000 after acquiring an additional 343,294 shares during the period. Finally, Caprock Group LLC bought a new position in Qudian during the 2nd quarter worth about $65,000. Hedge funds and other institutional investors 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.