LexinFintech (LX) Stock Price Down 6.8%
Shares of LexinFintech Holdings Ltd – (NASDAQ:LX) were down 6.8% on Thursday . The stock traded as low as $10.32 and last traded at $10.39. Approximately 1,918,654 shares changed hands during trading, an increase of 383% from the average daily volume of 396,989 shares. The stock had previously closed at $11.15.
Several analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of LexinFintech in a report on Tuesday, December 11th. They issued a “weight” rating on the stock. Goldman Sachs Group raised shares of LexinFintech from a “neutral” rating to a “buy” rating in a report on Wednesday, November 21st. ValuEngine downgraded shares of LexinFintech from a “hold” rating to a “sell” rating in a report on Monday, December 17th. Finally, Zacks Investment Research raised shares of LexinFintech from a “strong sell” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Saturday, February 2nd. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $14.50.
The firm has a market capitalization of $1.84 billion, a PE ratio of 47.23 and a beta of 2.21. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13.
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About LexinFintech (NASDAQ:LX)
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People's Republic of China. The company operates Fenqile, an online consumer finance platform that offers personal installment loans, installment purchase loans, and other loan products, as well as Le Card credit line.
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