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X Financial (NYSE:XYF) Sees Large Volume Increase - Here's Why

X Financial logo with Finance background

Key Points

  • X Financial's shares experienced a substantial increase in trading volume, with approximately 494,242 shares traded on Monday, marking a 97% increase from the previous session.
  • The company reported a $1.40 EPS with a revenue of $267 million for the quarter, reflecting a net margin of 24.76%.
  • Acadian Asset Management raised its stake in X Financial by 29.4%, holding 0.22% of the company's stock, indicating growing institutional interest.
  • Looking to export and analyze X Financial data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of X Financial Sponsored ADR (NYSE:XYF - Get Free Report) saw unusually-high trading volume on Monday . Approximately 494,242 shares were traded during mid-day trading, an increase of 97% from the previous session's volume of 250,479 shares.The stock last traded at $13.90 and had previously closed at $14.37.

X Financial Trading Down 1.6%

The company has a 50 day moving average price of $17.72 and a 200-day moving average price of $13.65. The company has a market cap of $591.60 million, a P/E ratio of 2.95 and a beta of 0.20.

X Financial (NYSE:XYF - Get Free Report) last issued its quarterly earnings results on Monday, May 19th. The company reported $1.40 earnings per share (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 for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in X Financial stock. Hhlr Advisors LTD. bought a new position in shares of X Financial Sponsored ADR (NYSE:XYF - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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. 1.15% of the stock is currently owned by institutional investors.

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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