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X Financial (NYSE:XYF) Hits New 52-Week High - Here's What Happened

X Financial logo with Finance background

X Financial Sponsored ADR (NYSE:XYF - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $20.05 and last traded at $19.97, with a volume of 368847 shares trading hands. The stock had previously closed at $18.77.

X Financial Stock Down 4.2%

The business has a 50 day moving average of $16.79 and a 200 day moving average of $12.61. The company has a market capitalization of $802.59 million, a P/E ratio of 4.00 and a beta of 0.20.

X Financial (NYSE:XYF - Get Free Report) last announced its quarterly earnings results on Monday, May 19th. The company reported $1.40 EPS for the quarter. X Financial had a return on equity of 23.30% and a net margin of 24.76%. The company had revenue of $267.00 million during the quarter.

Institutional Investors Weigh In On X Financial

An institutional investor recently bought a new position in X Financial stock. Hhlr Advisors LTD. acquired a new position in shares of X Financial Sponsored ADR (NYSE:XYF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 50,000 shares of the company's stock, valued at approximately $720,000. Hhlr Advisors LTD. owned about 0.10% of X Financial at the end of the most recent reporting period. Institutional investors own 1.15% of the company's stock.

X Financial Company Profile

(Get Free Report)

X Financial provides personal finance services in the People's Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.

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