LexinFintech (NASDAQ:LX) Trading Up 6.4% – Here’s Why

LexinFintech Holdings Ltd. (NASDAQ:LX) shares were up 6.4% during trading on Friday . The stock traded as high as $7.04 and last traded at $7.00. Approximately 653,941 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 2,078,732 shares. The stock had previously closed at $6.58.

Wall Street Analysts Forecast Growth

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

LexinFintech Stock 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 stock has a market cap of $1.22 billion, a PE ratio of 11.84 and a beta of 0.63. The business has a 50 day moving average price of $5.44 and a two-hundred day moving average price of $3.39.

LexinFintech (NASDAQ:LX) last announced its quarterly earnings results on Monday, November 25th. The company reported $0.26 earnings per share (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

Several institutional investors and hedge funds have recently bought and sold shares of LX. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of LexinFintech during the fourth quarter valued at approximately $445,000. DGS Capital Management LLC increased its position in shares of LexinFintech by 30.0% during the fourth quarter. DGS Capital Management LLC now owns 147,913 shares of the company’s stock valued at $858,000 after acquiring an additional 34,093 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of LexinFintech in the 4th quarter worth $29,000. Kathmere Capital Management LLC bought a new position in LexinFintech during the 4th quarter valued at about $79,000. Finally, Virtu Financial LLC bought a new stake in LexinFintech in the 3rd quarter worth approximately $74,000.

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.