Equities research analysts at Sidoti assumed coverage on shares of Hexindai (NASDAQ:HX) in a research note issued on Thursday, The Fly reports. The firm set a $18.00 price target on the stock. Sidoti’s target price indicates a potential upside of 60.43% from the company’s current price.

Shares of Hexindai (NASDAQ:HX) traded up $0.05 during midday trading on Thursday, reaching $11.22. The company’s stock had a trading volume of 33,318 shares, compared to its average volume of 118,561. Hexindai has a 12-month low of $10.86 and a 12-month high of $17.00.

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About Hexindai

Hexindai Inc is a consumer lending company. The Company is focused on offering borrowers a range of products designed-based on customer segmentation data and tailored to the specific needs of the emerging middle class in China. The Company also offers five tailored loan products such as Provident Fund Loans, Property-Owner Loans, Car-Owner Loans, Insurance-Holder Loans, and Premier Customer Loans.

The Fly

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