PPDAI Group (NYSE:FINV) Sets New 1-Year Low – Time to Sell?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV)’s share price hit a new 52-week low on Monday. The company traded as low as $2.89 and last traded at $2.9180, with a volume of 151 shares changing hands. The stock had previously closed at $2.90.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Citigroup reaffirmed a “neutral” rating and issued a $4.10 target price (down from $8.10) on shares of PPDAI Group in a report on Friday, August 28th. Weiss Ratings downgraded PPDAI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $4.10.

PPDAI Group Trading Up 2.8%

The stock has a market cap of $730.36 million, a P/E ratio of 2.83 and a beta of 0.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.84 and a current ratio of 2.84. The stock’s fifty day moving average is $3.83 and its 200 day moving average is $4.52.

PPDAI Group (NYSE:FINV) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $500.91 million for the quarter. PPDAI Group had a return on equity of 12.31% and a net margin of 14.49%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in PPDAI Group stock. Squarepoint Ops LLC acquired a new stake in shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 24,880 shares of the company’s stock, valued at approximately $119,000. Institutional investors own 31.15% of the company’s stock.

About PPDAI Group

PPDAI Group Inc, now known as FinVolution Group, is a Chinese fintech company that operates an online consumer finance platform. The company uses technology, data analytics and risk-management tools to connect individual borrowers with funding sources and facilitate unsecured consumer loans.

Its services generally include borrower acquisition, credit assessment, loan matching and facilitation, payment processing, and post-loan management. FinVolution serves consumers who may have limited access to traditional banking services and works with institutional funding partners and other financial institutions through its technology platform.

Founded in 2007, the company was originally known as PPDAI and later adopted the FinVolution name as part of its broader technology and international strategy.