PPDAI Group (NYSE:FINV) Reaches New 12-Month Low – Time to Sell?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $5.46 and last traded at $5.4840, with a volume of 2935356 shares changing hands. The stock had previously closed at $5.97.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FINV. Wall Street Zen cut shares of PPDAI Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings cut shares of PPDAI Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.55.

PPDAI Group Trading Down 8.1%

The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 3.71 and a beta of 0.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.89 and a current ratio of 2.89. The company has a 50 day moving average price of $6.78 and a two-hundred day moving average price of $8.20.

PPDAI Group (NYSE:FINV) last issued its quarterly earnings results on Wednesday, August 20th. The company reported $0.41 EPS for the quarter. The company had revenue of $499.46 million during the quarter. PPDAI Group had a net margin of 20.28% and a return on equity of 18.88%.

Institutional Trading of PPDAI Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new position in PPDAI Group in the 2nd quarter valued at $31,000. Quantbot Technologies LP acquired a new position in shares of PPDAI Group in the 1st quarter valued at $62,000. Kingswood Wealth Advisors LLC purchased a new position in shares of PPDAI Group during the 3rd quarter worth $94,000. Cetera Investment Advisers increased its position in shares of PPDAI Group by 21.5% during the 1st quarter. Cetera Investment Advisers now owns 17,660 shares of the company’s stock worth $170,000 after purchasing an additional 3,125 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in PPDAI Group by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 26,369 shares of the company’s stock valued at $254,000 after buying an additional 2,647 shares during the period. Hedge funds and other institutional investors own 31.15% of the company’s stock.

PPDAI Group Company Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.