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QD - Qudian Headed For Wall Street Exit Door? Not So Fast Perhaps
Qudian Inc. American Depositary Shares each representing one Class A
Former fintech highflyer’s average share price falls below $1 for 30 days, even as analyst sentiment shows sudden positive shift.
Qudian’s stock has closed at an average price of less than $1 over the last 30 trading days, putting it out of compliance with New York Stock Exchange listing rules.
Analysts have suddenly become more positive on the company, with six rating it a ‘buy’ or ‘strong buy’ in February after it received mostly ‘hold’ ratings in previous two months.