LexinFintech (NASDAQ:LX – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.28 earnings per share (EPS) for the quarter, Zacks reports. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.
LexinFintech Stock Performance
NASDAQ LX opened at $10.59 on Wednesday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 16.81 and a beta of 0.60. The company has a 50 day moving average of $8.06 and a 200-day moving average of $5.28. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. LexinFintech has a 1-year low of $1.56 and a 1-year high of $10.91.
Analysts Set New Price Targets
Separately, Citigroup upgraded shares of LexinFintech from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th.
About LexinFintech
LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.
Read More
- Five stocks we like better than LexinFintech
- What Are the FAANG Stocks and Are They Good Investments?
- Tesla: 1 Reason to Love It, 1 Reason to Be Cautious
- What is the Australian Securities Exchange (ASX)
- 3 Stocks That Could Win Big From a 10% Cap on Credit Card Rates
- Diversification Can Smooth Returns And Mitigate Portfolio Risk
- Palo Alto Networks: Cybersecurity Standout in a Turbulent Market
Receive News & Ratings for LexinFintech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LexinFintech and related companies with MarketBeat.com's FREE daily email newsletter.
