PPDAI Group Inc – (NYSE:PPDF)’s stock price was down 6.3% during mid-day trading on Tuesday . The stock traded as low as $3.51 and last traded at $3.55, approximately 1,754,200 shares were traded during trading. An increase of 40% from the average daily volume of 1,251,685 shares. The stock had previously closed at $3.79.

PPDF has been the subject of a number of recent research reports. TheStreet downgraded PPDAI Group from a “c-” rating to a “d” rating in a report on Monday, May 20th. ValuEngine downgraded PPDAI Group from a “hold” rating to a “sell” rating in a report on Friday, June 14th.

The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 3.17 and a beta of 1.55. The stock has a fifty day moving average of $3.71 and a two-hundred day moving average of $4.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 2.22.

PPDAI Group (NYSE:PPDF) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.95 by ($1.64). The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.33 billion. PPDAI Group had a net margin of 52.42% and a return on equity of 45.31%. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently modified their holdings of PPDF. JPMorgan Chase & Co. boosted its position in PPDAI Group by 266.6% during the second quarter. JPMorgan Chase & Co. now owns 1,781,366 shares of the company’s stock valued at $7,589,000 after acquiring an additional 1,295,462 shares during the last quarter. Wells Fargo & Company MN boosted its position in PPDAI Group by 11.9% during the first quarter. Wells Fargo & Company MN now owns 9,810,850 shares of the company’s stock valued at $37,085,000 after acquiring an additional 1,046,000 shares during the last quarter. Acadian Asset Management LLC boosted its position in PPDAI Group by 855.3% during the second quarter. Acadian Asset Management LLC now owns 1,077,495 shares of the company’s stock valued at $4,684,000 after acquiring an additional 964,699 shares during the last quarter. BlackRock Inc. boosted its position in PPDAI Group by 28,560.7% during the second quarter. BlackRock Inc. now owns 758,361 shares of the company’s stock valued at $3,300,000 after acquiring an additional 755,715 shares during the last quarter. Finally, Krane Funds Advisors LLC boosted its position in PPDAI Group by 48.3% during the second quarter. Krane Funds Advisors LLC now owns 1,602,712 shares of the company’s stock valued at $6,972,000 after acquiring an additional 522,218 shares during the last quarter. 10.48% of the stock is currently owned by institutional investors and hedge funds.

About PPDAI Group (NYSE:PPDF)

PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard, handy cash, consumption, and other loan products; and investment services to investors and institutional funding partners.

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