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A statement released earlier today by Macquarie Research about Qudian (UNKNOWN:QD) bumps the target price to $36.00

Yesterday Qudian (UNKNOWN:QD) traded 6.79% higher at $25.93. The company’s 50-day moving average is $29.18 and its 200-day moving average is $29.18. The last closing price is down 6.79% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 4,975,701 shares of the stock were exchanged, down from an average trading volume of 33,466,900

Macquarie Research bumped up the target of Qudian (UNKNOWN:QD) to $36.00 stating a potential upside of 0.39%.

See Chart Below

Qudian (UNKNOWN:QD)

Qudian has a with a one year low of $28.49 and a one year high of $35.45 Qudian’s market capitalization is presently $0.

General Company Details For Qudian (UNKNOWN:QD)

Qudian Inc. provides cash credit products, which provide funds in digital form, and merchandise credit products. The Company operates through an online platform and all the transaction are facilitated through mobile devices. Borrowers can apply for credit on their mobile phones and receive approval within a few seconds. Approved borrowers are then able to draw down on their cash credit with cash disbursed immediately into their Alipay accounts in digital form. It also offers merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis. Its marketplace connects consumers with merchandise suppliers. It offers 14 categories of merchandise from over 1,000 brands covering primarily consumer electronics, home appliances, watches and accessories, sports and outdoor merchandise and luggage.

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