X Financial (NYSE:XYF) Rating Lowered to Buy at Wall Street Zen

Key Points

• X Financial's stock rating was downgraded from a "strong-buy" to a "buy" by Wall Street Zen.
• The company's stock price increased by 6.5%, with a current price of $15.75 and a market capitalization of $658.08 million.
• X Financial reported earnings of $1.85 per share for the last quarter, demonstrating a net margin of 23.30%.

X Financial (NYSE:XYF - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Friday.

X Financial Stock Up 6.5%

Shares of NYSE XYF opened at $15.7510 on Friday. The firm's 50-day moving average price is $16.28 and its two-hundred day moving average price is $14.32. X Financial has a 52-week low of $4.36 and a 52-week high of $20.35. The stock has a market capitalization of $658.08 million, a P/E ratio of 2.95 and a beta of 0.25.

X Financial (NYSE:XYF - Get Free Report) last issued its earnings results on Monday, August 18th. The company reported $1.85 earnings per share (EPS) for the quarter. The firm had revenue of $317.32 million for the quarter. X Financial had a net margin of 23.30% and a return on equity of 25.42%.

Institutional Investors Weigh In On X Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XYF. Hhlr Advisors LTD. bought a new stake in X Financial during the first quarter worth approximately $720,000. Acadian Asset Management LLC raised its holdings in X Financial by 29.4% during the first quarter. Acadian Asset Management LLC now owns 107,272 shares of the company's stock worth $1,534,000 after purchasing an additional 24,395 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in X Financial during the second quarter worth approximately $697,000. Institutional investors own 1.15% of the company's stock.

X Financial Company Profile

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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