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MarketScreener Homepage  >  Equities  >  Nyse  >  Qudian Inc.    QD

QUDIAN INC.

(QD)
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QD LOSS NOTICE: ROSEN, NATIONAL TRIAL LAWYERS, Reminds Qudian Inc. Investors of Important Deadline in Securities Class Action – QD

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03/16/2020 | 04:59pm EDT

Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Qudian Inc. (NYSE: QD) between December 13, 2018 and January 15, 2020, inclusive (the “Class Period”), of the important March 23, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Qudian investors under the federal securities laws.

To join the Qudian class action, go to http://www.rosenlegal.com/cases-register-1255.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) regulatory developments in China threatened to impact Qudian’s fiscal full year 2019 (“FY19”) financial results negatively; (2) Qudian’s business was unprepared to mitigate the risks associated with these regulatory changes; (3) as a result, Qudian’s loan portfolio was plagued by growing delinquency rates; (4) all of the foregoing made Qudian’s repeated assertions concerning its FY19 financial guidance unrealistic; and (5) as a result of the foregoing, defendants’ statements about its business and operations were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 23, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1255.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney advertising. Prior results do not guarantee a similar outcome.


© Business Wire 2020
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Financials
Sales 2020 3 579 M 525 M 525 M
Net income 2020 -184 M -26,9 M -26,9 M
Net Debt 2020 - - -
P/E ratio 2020 28,9x
Yield 2020 -
Capitalization 2 198 M 322 M 322 M
Capi. / Sales 2020 0,61x
Capi. / Sales 2021 0,63x
Nbr of Employees 947
Free-Float 57,9%
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Mean consensus UNDERPERFORM
Number of Analysts 7
Average target price 1,46 $
Last Close Price 1,27 $
Spread / Highest target 49,6%
Spread / Average Target 15,1%
Spread / Lowest Target -40,9%
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Managers
NameTitle
Min Luo Chairman & Chief Executive Officer
Yan Gao Vice President-Finance
Yi Fan Li Independent Director
Ta-Chen Lee Independent Director
Sheng Wen Rong Independent Director
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