Qudian Inc. (NYSE:QD) was the target of some unusual options trading activity on Wednesday. Investors acquired 78,204 call options on the stock. This represents an increase of 620% compared to the average daily volume of 10,861 call options.
Separately, TheStreet raised shares of Qudian from a “d+” rating to a “c-” rating in a report on Friday, February 5th.
Shares of QD opened at $2.24 on Thursday. The firm’s 50 day moving average is $2.51 and its 200-day moving average is $1.85. The stock has a market capitalization of $568.36 million, a P/E ratio of 9.74 and a beta of 1.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 11.97 and a quick ratio of 11.97. Qudian has a 12-month low of $1.17 and a 12-month high of $3.82.
Large investors have recently modified their holdings of the stock. California Public Employees Retirement System boosted its position in shares of Qudian by 3.8% in the 3rd quarter. California Public Employees Retirement System now owns 427,288 shares of the company’s stock valued at $530,000 after purchasing an additional 15,564 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of Qudian in the third quarter worth approximately $41,000. ExodusPoint Capital Management LP acquired a new stake in shares of Qudian during the third quarter valued at approximately $111,000. BlackRock Inc. lifted its position in shares of Qudian by 5.6% in the 3rd quarter. BlackRock Inc. now owns 3,171,069 shares of the company’s stock valued at $3,933,000 after acquiring an additional 168,111 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Qudian in the 4th quarter valued at approximately $508,000.
Qudian Company Profile
Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers small credit products, such as cash credit products; merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis; and budget auto financing products.
Recommended Story: Green Investing