Hexindai (NASDAQ:HX) Trading 24.5% Higher

Hexindai Inc – (NASDAQ:HX) traded up 24.5% during trading on Monday . The company traded as high as $0.90 and last traded at $0.66, 674,921 shares traded hands during trading. An increase of 208% from the average session volume of 219,142 shares. The stock had previously closed at $0.53.

Separately, Zacks Investment Research downgraded Hexindai from a “hold” rating to a “sell” rating in a research note on Friday, October 25th.

The company has a debt-to-equity ratio of 0.17, a current ratio of 5.09 and a quick ratio of 5.09. The firm has a fifty day simple moving average of $0.79 and a 200 day simple moving average of $1.81. The company has a market cap of $27.56 million, a price-to-earnings ratio of 6.61 and a beta of 0.66.

Hexindai (NASDAQ:HX) last posted its quarterly earnings data on Wednesday, September 18th. The company reported ($0.15) earnings per share (EPS) for the quarter. Hexindai had a negative return on equity of 25.57% and a negative net margin of 214.46%. The firm had revenue of $4.92 million for the quarter, compared to the consensus estimate of $8.42 million. Analysts expect that Hexindai Inc – will post -0.07 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in HX. Mackenzie Financial Corp lifted its position in Hexindai by 88.2% during the 2nd quarter. Mackenzie Financial Corp now owns 279,840 shares of the company’s stock worth $666,000 after acquiring an additional 131,174 shares during the last quarter. Susquehanna International Group LLP bought a new stake in Hexindai during the second quarter valued at about $75,000. Citadel Advisors LLC grew its position in shares of Hexindai by 35.4% in the second quarter. Citadel Advisors LLC now owns 268,138 shares of the company’s stock valued at $638,000 after purchasing an additional 70,101 shares during the last quarter. Finally, Renaissance Technologies LLC increased 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 worth $1,507,000 after purchasing an additional 86,580 shares during the period. Hedge funds and other institutional investors own 3.05% 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.

Featured Story: Strangles

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.