X Financial (NYSE:XYF) Trading Up 5.4% - Time to Buy?

Key Points

• X Financial's shares rose 5.4% during mid-day trading, hitting a high of $14.74 and closing at $14.65.
• The company reported $1.40 earnings per share for the last quarter, alongside a net margin of 24.76% and a return on equity of 23.30%.
• Acadian Asset Management raised its stake in X Financial by 29.4%, owning approximately 0.22% of the company post-investment.

X Financial Sponsored ADR (NYSE:XYF - Get Free Report) was up 5.4% during trading on Tuesday . The stock traded as high as $14.74 and last traded at $14.65. Approximately 589,748 shares were traded during mid-day trading, an increase of 32% from the average daily volume of 448,200 shares. The stock had previously closed at $13.90.

X Financial Trading Down 1.6%

The firm has a fifty day moving average of $17.72 and a 200 day moving average of $13.65. The company has a market capitalization 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 released its quarterly earnings data 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

A hedge fund recently bought a new stake in X Financial stock. Hhlr Advisors LTD. purchased a new stake in shares of X Financial Sponsored ADR (NYSE:XYF - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 50,000 shares of the company's stock, valued at approximately $720,000. Hhlr Advisors LTD. owned 0.10% of X Financial as of its most recent SEC filing. 1.15% of the stock is currently owned by institutional investors.

About X Financial

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.