Qudian (QD) Shares Gap Up to $11.83

Qudian Inc. Sponsored ADR (NYSE:QD)’s share price gapped up before the market opened on Monday . The stock had previously closed at $11.55, but opened at $11.83. Qudian shares last traded at $13.65, with a volume of 10434500 shares.

A number of equities analysts have issued reports on QD shares. Stifel Nicolaus started coverage on Qudian in a report on Wednesday, November 15th. They set a “buy” rating and a $35.00 target price for the company. Needham & Company LLC started coverage on Qudian in a report on Monday, November 20th. They set a “buy” rating and a $30.00 target price for the company. Morgan Stanley started coverage on Qudian in a report on Wednesday, November 15th. They set a “weight” rating for the company. ValuEngine upgraded Qudian from a “hold” rating to a “buy” rating in a report on Monday, November 20th. Finally, Sanford C. Bernstein started coverage on Qudian in a report on Thursday, October 19th. They issued an “outperform” rating for the company. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $24.50.

The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -0.14.

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Qudian Company Profile

Qudian Inc provides cash credit products, which provide funds in digital form, and merchandise credit products. The Company operates through an online platform and all the transaction are facilitated through mobile devices. Borrowers can apply for credit on their mobile phones and receive approval within a few seconds.

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