Qudian (NYSE:QD) Shares Gap Down – Here’s What Happened

Posted by on Jan 22nd, 2025

Qudian Inc. (NYSE:QD – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $2.98, but opened at $2.90. Qudian shares last traded at $2.99, with a volume of 124,337 shares traded.

Qudian Trading Down 0.5 %

The company has a 50 day moving average of $2.75 and a 200 day moving average of $2.25. The firm has a market cap of $594.78 million, a price-to-earnings ratio of 73.38 and a beta of 0.76.

Qudian (NYSE:QD – Get Free Report) last issued its quarterly earnings data on Friday, November 22nd. The company reported $0.10 earnings per share for the quarter. Qudian had a net margin of 18.32% and a return on equity of 0.36%.

Institutional Trading of Qudian

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC acquired a new stake in Qudian in the fourth quarter worth about $34,000. SG Americas Securities LLC grew its position in shares of Qudian by 35.1% during the 4th quarter. SG Americas Securities LLC now owns 368,384 shares of the company’s stock worth $1,039,000 after buying an additional 95,778 shares during the period. Ballentine Partners LLC raised its stake in shares of Qudian by 124.2% during the fourth quarter. Ballentine Partners LLC now owns 24,548 shares of the company’s stock worth $69,000 after buying an additional 13,599 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Qudian in the third quarter valued at approximately $846,000. Finally, XTX Topco Ltd bought a new position in Qudian in the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 8.10% of the company’s stock.

About Qudian

(Get Free Report)

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.

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