LexinFintech Holdings Ltd. (NASDAQ:LX – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $3.30, but opened at $3.13. LexinFintech shares last traded at $3.39, with a volume of 2,629,413 shares traded.
LexinFintech Stock Performance
The firm has a market cap of $549.84 million, a price-to-earnings ratio of 4.67 and a beta of 0.53. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $1.82 and a 200 day moving average of $1.79.
LexinFintech (NASDAQ:LX – Get Free Report) last announced its earnings results on Tuesday, August 27th. The company reported $0.19 earnings per share (EPS) for the quarter. LexinFintech had a return on equity of 8.16% and a net margin of 5.80%. The company had revenue of $500.98 million for the quarter.
LexinFintech Increases Dividend
Hedge Funds Weigh In On LexinFintech
Hedge funds have recently bought and sold shares of the company. Paloma Partners Management Co bought a new position in LexinFintech in the 1st quarter worth approximately $30,000. Kathmere Capital Management LLC acquired a new position in LexinFintech during the second quarter worth about $36,000. QRG Capital Management Inc. raised its holdings in shares of LexinFintech by 38.7% in the 1st quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock worth $98,000 after purchasing an additional 15,245 shares in the last quarter. Virtu Financial LLC bought a new position in shares of LexinFintech in the first quarter valued at $149,000. Finally, American Century Companies Inc. raised its position in shares of LexinFintech by 33.2% during the second quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock worth $501,000 after purchasing an additional 75,759 shares during the period.
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.
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