Hexindai Inc – (NASDAQ:HX)’s share price traded up 6.3% during trading on Wednesday . The company traded as high as $1.69 and last traded at $1.68, 184,262 shares changed hands during mid-day trading. A decline of 24% from the average session volume of 242,812 shares. The stock had previously closed at $1.58.
A number of equities analysts have recently commented on the company. ValuEngine upgraded Hexindai from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded Hexindai from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 21st.
The business has a fifty day moving average price of $2.05 and a 200 day moving average price of $2.56. The company has a market capitalization of $86.03 million, a PE ratio of 16.00, a P/E/G ratio of 0.17 and a beta of 1.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.68 and a current ratio of 3.68.
Several institutional investors have recently added to or reduced their stakes in HX. AJO LP grew its stake in shares of Hexindai by 32.9% in the first quarter. AJO LP now owns 635,964 shares of the company’s stock valued at $2,124,000 after buying an additional 157,438 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Hexindai by 814.9% in the fourth quarter. Deutsche Bank AG now owns 100,610 shares of the company’s stock valued at $251,000 after buying an additional 89,613 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Hexindai by 88.2% in the second quarter. Mackenzie Financial Corp now owns 279,840 shares of the company’s stock valued at $666,000 after buying an additional 131,174 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Hexindai in the second quarter valued at about $75,000. Finally, Renaissance Technologies LLC grew its stake in shares of Hexindai by 15.8% in the second quarter. Renaissance Technologies LLC now owns 633,280 shares of the company’s stock valued at $1,507,000 after buying an additional 86,580 shares in the last quarter. Institutional investors own 3.52% of the company’s stock.
About Hexindai (NASDAQ:HX)
Hexindai Inc operates a consumer lending marketplace that facilitates loans in China. It primarily focuses on facilitating medium-sized credit loans. The company provides borrowers a range of products based on customer segmentation data and tailored to the specific needs of the emerging middle class; and investors various types of investment products.
Further Reading: What does an equal weight rating mean?
Receive News & Ratings for Hexindai Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexindai and related companies with MarketBeat.com's FREE daily email newsletter.