Qudian (NYSE:QD) Rating Reiterated

In a research report revealed to clients on 5 December, Qudian (NYSE:QD) stock had its “Buy” Rating reconfirmed by stock research analysts at Needham. They currently have a $20.0 target on company. Needham’s target would indicate a potential downside of -19.68 % from the company’s last price.

NYSE:QD is right now trading -0.24% lower at $12.22 as of 12:04 PM New York time. Qudian’s stock is 0% over the last 200 days. It has underperformed the S&P500 Index, which has added 6.00% over the same time.

Qudian (NYSE:QD) 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.

Qudian (NYSE:QD) traded down -0.24% on 5 December, hitting $12.22. A total of 518,159 shares of the company’s stock traded hands. This is down from average of 9.22 million shares. Qudian has a 52 week low of $12.03 and a 52 week high of $35.45. The company has a market cap of $4.03 billion and a P/E ratio of 13.89.

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The post -19.68 % to Target, Needham Reiterates “Buy” Rating for Qudian (NYSE:QD) Stock appeared first on Octafinance.