Qfin (NASDAQ:QFIN) Hits New 52-Week Low – Time to Sell?

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $17.42 and last traded at $17.42, with a volume of 515076 shares traded. The stock had previously closed at $18.14.

Analysts Set New Price Targets

QFIN has been the subject of a number of analyst reports. Zacks Research lowered shares of Qfin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. JPMorgan Chase & Co. cut shares of Qfin from an “overweight” rating to a “neutral” rating and cut their price target for the company from $45.00 to $21.00 in a report on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qfin in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Qfin presently has a consensus rating of “Hold” and a consensus target price of $36.85.

Qfin Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.94 and a quick ratio of 2.94. The business’s 50 day moving average price is $20.05 and its 200 day moving average price is $28.22. The stock has a market capitalization of $2.48 billion, a P/E ratio of 2.55, a price-to-earnings-growth ratio of 0.26 and a beta of 0.43.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.16). Qfin had a net margin of 35.09% and a return on equity of 28.73%. The company had revenue of $731.04 million for the quarter, compared to the consensus estimate of $693.21 million. Sell-side analysts forecast that Qfin Holdings Inc. – Sponsored ADR will post 5.71 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. grew its stake in shares of Qfin by 2.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 16,959 shares of the company’s stock valued at $504,000 after purchasing an additional 429 shares during the period. Personal CFO Solutions LLC boosted its holdings in shares of Qfin by 6.9% in the second quarter. Personal CFO Solutions LLC now owns 8,141 shares of the company’s stock worth $353,000 after buying an additional 526 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in shares of Qfin by 250.2% in the second quarter. iA Global Asset Management Inc. now owns 823 shares of the company’s stock worth $36,000 after buying an additional 588 shares during the last quarter. US Bancorp DE grew its position in Qfin by 4.1% during the second quarter. US Bancorp DE now owns 15,508 shares of the company’s stock valued at $672,000 after buying an additional 604 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in Qfin by 472.9% during the second quarter. Hantz Financial Services Inc. now owns 739 shares of the company’s stock valued at $32,000 after buying an additional 610 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.

Qfin Company Profile

360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.