Qudian (NYSE:QD) Stock Price Down 3.1% – Time to Sell?

Qudian Inc. – Sponsored ADR (NYSE:QD)’s share price fell 3.1% during trading on Thursday . The company traded as low as $4.55 and last traded at $4.5550. 268,709 shares traded hands during trading, a decline of 9% from the average session volume of 294,585 shares. The stock had previously closed at $4.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qudian in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Qudian Stock Performance

The business’s fifty day moving average price is $4.52 and its two-hundred day moving average price is $3.86. The stock has a market capitalization of $768.38 million, a P/E ratio of 10.59 and a beta of 0.65.

Institutional Investors Weigh In On Qudian

Several institutional investors have recently modified their holdings of QD. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Qudian in the 1st quarter worth approximately $30,000. Brighton Jones LLC bought a new stake in Qudian in the fourth quarter worth $34,000. Virtu Financial LLC purchased a new position in Qudian during the first quarter worth $70,000. XTX Topco Ltd purchased a new position in Qudian during the first quarter worth $128,000. Finally, Public Employees Retirement System of Ohio increased its position in Qudian by 4.4% during the third quarter. Public Employees Retirement System of Ohio now owns 136,759 shares of the company’s stock valued at $584,000 after acquiring an additional 5,799 shares during the last quarter. 8.10% of the stock is owned by 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.