X Financial (NYSE:XYF) Shares Down 3.8% - Here's Why

Key Points

• X Financial's stock price fell 3.8% to close at $13.64 on Monday, with a trading volume close to its average.
• The company reported $1.40 earnings per share and a revenue of $267 million for the recent quarter.
• A hedge fund recently acquired 50,000 shares of X Financial, increasing its institutional ownership to approximately 1.15%.

X Financial Sponsored ADR (NYSE:XYF - Get Free Report)'s stock price fell 3.8% during mid-day trading on Monday . The stock traded as low as $13.55 and last traded at $13.64. 259,992 shares were traded during mid-day trading, a decline of 0% from the average session volume of 260,697 shares. The stock had previously closed at $14.18.

X Financial Stock Performance

The business has a 50 day simple moving average of $17.37 and a 200-day simple moving average of $13.87. The firm has a market capitalization of $565.49 million, a price-to-earnings ratio of 2.82 and a beta of 0.25.

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

Institutional Trading of X Financial

A hedge fund recently bought a new stake in X Financial stock. Hhlr Advisors LTD. acquired a new position in X Financial Sponsored ADR (NYSE:XYF - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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 filing with the Securities & Exchange Commission. 1.15% of the stock is currently owned by institutional investors and hedge funds.

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.