LexinFintech (NASDAQ:LX) Sees Strong Trading Volume – Should You Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX) shares saw an uptick in trading volume on Thursday . 4,238,152 shares were traded during trading, an increase of 56% from the previous session’s volume of 2,719,645 shares.The stock last traded at $9.07 and had previously closed at $8.72.

Wall Street Analyst Weigh In

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

LexinFintech Stock Up 1.9 %

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 14.10 and a beta of 0.66. The business’s 50 day moving average price is $6.84 and its 200 day moving average price is $4.27.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LX. Wolverine Trading LLC acquired a new position in LexinFintech in the 3rd quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of LexinFintech in the 4th quarter worth $29,000. Centiva Capital LP acquired a new stake in shares of LexinFintech in the 3rd quarter worth $41,000. Ameriprise Financial Inc. acquired a new stake in shares of LexinFintech in the 4th quarter worth $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of LexinFintech in the 4th quarter worth $70,000.

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.