LexinFintech (NASDAQ:LX) Stock Price Up 5.3% – Here’s Why

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX) were up 5.3% on Monday . The company traded as high as $5.95 and last traded at $5.95. Approximately 640,539 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 1,496,891 shares. The stock had previously closed at $5.65.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of LexinFintech from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th.

LexinFintech Stock Up 6.1 %

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a 50 day simple moving average of $5.07 and a two-hundred day simple moving average of $3.19. The stock has a market cap of $1.03 billion, a P/E ratio of 9.94 and a beta of 0.63.

Institutional Investors Weigh In On LexinFintech

Several institutional investors have recently bought and sold shares of LX. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in LexinFintech in the fourth quarter worth approximately $29,000. Kathmere Capital Management LLC acquired a new stake in shares of LexinFintech in the fourth quarter valued at $79,000. DGS Capital Management LLC boosted its stake in LexinFintech by 204.4% during the third quarter. DGS Capital Management LLC now owns 113,820 shares of the company’s stock valued at $310,000 after buying an additional 76,424 shares in the last quarter. Virtu Financial LLC acquired a new position in LexinFintech during the third quarter worth about $74,000. Finally, Public Employees Retirement System of Ohio acquired a new position in LexinFintech during the third quarter worth about $467,000.

LexinFintech Company Profile

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.