Hexindai (NASDAQ:HX) Trading 6.3% Higher

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.



Hexindai (NASDAQ:HX) last released its quarterly earnings data on Tuesday, June 18th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.17. The company had revenue of $4.15 million for the quarter, compared to the consensus estimate of $9.39 million. Hexindai had a return on equity of 4.10% and a net margin of 9.02%. Research analysts forecast that Hexindai Inc – will post 0.94 earnings per share for the current fiscal year.

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.

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