LexinFintech (NASDAQ:LX – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.28 EPS for the quarter, Zacks reports. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.
LexinFintech Stock Performance
Shares of LX traded up $0.06 on Tuesday, reaching $10.59. 5,136,330 shares of the stock traded hands, compared to its average volume of 2,404,638. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 16.81 and a beta of 0.60. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. LexinFintech has a 12 month low of $1.56 and a 12 month high of $10.99. The stock’s 50-day moving average price is $7.96 and its 200-day moving average price is $5.22.
Wall Street Analysts Forecast Growth
Separately, Citigroup upgraded LexinFintech from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th.
About LexinFintech
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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