LexinFintech (NASDAQ:LX) Trading Down 4.1% – Here’s What Happened

LexinFintech Holdings Ltd. (NASDAQ:LX) traded down 4.1% on Thursday . The stock traded as low as $6.43 and last traded at $6.41. 491,630 shares were traded during mid-day trading, a decline of 76% from the average session volume of 2,080,459 shares. The stock had previously closed at $6.68.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded LexinFintech from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th.

LexinFintech Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The business has a fifty day moving average of $5.44 and a 200 day moving average of $3.39. The stock has a market cap of $1.06 billion, a PE ratio of 10.28 and a beta of 0.63.

LexinFintech (NASDAQ:LX) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.26 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

Institutional Investors Weigh In On LexinFintech

A number of institutional investors have recently modified their holdings of the business. Walleye Capital LLC lifted its stake in LexinFintech by 235.5% in the third quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock valued at $1,976,000 after buying an additional 510,014 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in LexinFintech by 25.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company’s stock valued at $3,013,000 after purchasing an additional 226,479 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in LexinFintech in the 3rd quarter worth about $467,000. Quadrature Capital Ltd bought a new position in LexinFintech in the 3rd quarter worth about $397,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in LexinFintech in the 4th quarter worth about $445,000.

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.