X Financial (NYSE:XYF) Trading 3.6% Higher - What's Next?

X Financial (NYSE:XYF - Get Free Report)'s stock price was up 3.6% during trading on Tuesday . The stock traded as high as $14.01 and last traded at $13.99. Approximately 29,803 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 71,638 shares. The stock had previously closed at $13.50.

X Financial Stock Up 2.4 %

The company has a market capitalization of $667.84 million, a price-to-earnings ratio of 3.60 and a beta of 0.05. The company's fifty day simple moving average is $12.55 and its two-hundred day simple moving average is $9.35.

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

X Financial Increases Dividend

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