X Financial (NYSE:XYF) Trading Down 6.2% - Here's Why

X Financial (NYSE:XYF - Get Free Report) shares traded down 6.2% during mid-day trading on Monday . The stock traded as low as $12.84 and last traded at $12.81. 28,759 shares were traded during mid-day trading, a decline of 61% from the average session volume of 73,219 shares. The stock had previously closed at $13.65.

X Financial Price Performance

The company has a market capitalization of $652.92 million, a price-to-earnings ratio of 3.52 and a beta of 0.05. The firm has a 50-day moving average price of $12.70 and a two-hundred day moving average price of $9.44.

X Financial (NYSE:XYF - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.13 earnings per share (EPS) for the quarter. The firm had revenue of $234.09 million for the quarter. X Financial had a net margin of 25.03% and a return on equity of 20.66%.

X Financial Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 20th. This is a positive change from X Financial's previous semi-annual dividend of $0.17. This represents a dividend yield of 2.6%. X Financial's payout ratio is currently 7.36%.

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.