Hexindai (NASDAQ:HX) Stock Price Down 17%

Hexindai Inc – (NASDAQ:HX)’s stock price traded down 17% during mid-day trading on Thursday . The stock traded as low as $1.11 and last traded at $1.17, 552,879 shares changed hands during trading. An increase of 141% from the average session volume of 229,858 shares. The stock had previously closed at $1.41.

Several equities analysts have weighed in on HX shares. ValuEngine upgraded Hexindai from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research cut Hexindai from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 21st.

The firm has a market cap of $61.38 million, a PE ratio of 11.20, a PEG ratio of 0.12 and a beta of 1.00. The firm has a fifty day simple moving average of $1.57 and a two-hundred day simple moving average of $2.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.09 and a current ratio of 5.09.

Hexindai (NASDAQ:HX) last released its quarterly earnings results on Wednesday, September 18th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $4.92 million for the quarter, compared to analysts’ expectations of $8.42 million. Hexindai had a negative net margin of 214.46% and a negative return on equity of 25.57%. Equities analysts forecast that Hexindai Inc – will post 0.94 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP purchased a new position in shares of Hexindai in the 2nd quarter worth approximately $75,000. Citadel Advisors LLC boosted its holdings in shares of Hexindai by 35.4% in the 2nd quarter. Citadel Advisors LLC now owns 268,138 shares of the company’s stock worth $638,000 after purchasing an additional 70,101 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Hexindai by 15.8% in the 2nd quarter. Renaissance Technologies LLC now owns 633,280 shares of the company’s stock worth $1,507,000 after purchasing an additional 86,580 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Hexindai by 88.2% in the 2nd quarter. Mackenzie Financial Corp now owns 279,840 shares of the company’s stock worth $666,000 after purchasing an additional 131,174 shares during the period. Hedge funds and other institutional investors own 3.52% of the company’s stock.

Hexindai Company Profile (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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