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X Financial (NYSE:XYF) Sees Strong Trading Volume - Still a Buy?

X Financial logo with Finance background

Shares of X Financial Sponsored ADR (NYSE:XYF - Get Free Report) saw strong trading volume on Wednesday . 127,985 shares traded hands during trading, an increase of 3% from the previous session's volume of 124,674 shares.The stock last traded at $18.80 and had previously closed at $18.20.

X Financial Stock Performance

The stock's fifty day moving average price is $16.57 and its two-hundred day moving average price is $12.41. The company has a market cap of $794.24 million, a P/E ratio of 3.96 and a beta of 0.20.

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

Hedge Funds Weigh In On X Financial

An institutional investor recently bought a new position in X Financial stock. Hhlr Advisors LTD. bought a new position in shares of X Financial Sponsored ADR (NYSE:XYF - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 50,000 shares of the company's stock, valued at approximately $720,000. Hhlr Advisors LTD. owned about 0.10% of X Financial as of its most recent SEC filing. Hedge funds and other 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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