Hexindai (NASDAQ:HX) Stock Rating Lowered by Zacks Investment Research

Hexindai (NASDAQ:HX) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “Hexindai Inc. provides consumer lending marketplace. It facilitates loans to meet the increasing consumption demand of the emerging middle class in China. Hexindai Inc. is based in Beijing, China. “

Separately, ValuEngine upgraded Hexindai from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

HX stock opened at $2.43 on Wednesday. The company has a quick ratio of 3.68, a current ratio of 3.68 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $2.32 and its two-hundred day simple moving average is $2.73. Hexindai has a twelve month low of $1.87 and a twelve month high of $8.82. The firm has a market cap of $126.95 million, a price-to-earnings ratio of 24.30, a PEG ratio of 0.26 and a beta of 1.00.

Hexindai (NASDAQ:HX) last released its earnings results on Tuesday, June 18th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.17. Hexindai had a return on equity of 4.10% and a net margin of 9.02%. The business had revenue of $4.15 million for the quarter, compared to analyst estimates of $9.39 million. Research analysts expect that Hexindai will post 0.94 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Two Sigma Advisers LP purchased a new position in shares of Hexindai during the fourth quarter valued at $85,000. AJO LP increased its stake in shares of Hexindai by 32.9% during the first quarter. AJO LP now owns 635,964 shares of the company’s stock valued at $2,124,000 after buying an additional 157,438 shares during the period. Deutsche Bank AG increased its stake in shares of Hexindai by 814.9% during the fourth quarter. Deutsche Bank AG now owns 100,610 shares of the company’s stock valued at $251,000 after buying an additional 89,613 shares during the period. Geode Capital Management LLC purchased a new position in shares of Hexindai during the fourth quarter valued at $58,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Hexindai during the second quarter valued at $75,000. Institutional investors and hedge funds own 4.14% of the company’s stock.

About Hexindai

Hexindai Inc operates a consumer lending marketplace that facilitates loans in China. It primarily focuses on facilitating medium-sized credit loans. The company provides borrowers a range of products based on customer segmentation data and tailored to the specific needs of the emerging middle class; and investors various types of investment products.

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