X Financial (NYSE:XYF - Get Free Report) shares rose 5.5% during trading on Wednesday . The stock traded as high as $18.88 and last traded at $18.87. Approximately 50,166 shares were traded during trading, a decline of 55% from the average daily volume of 110,639 shares. The stock had previously closed at $17.88.
X Financial Stock Performance
The company has a 50 day moving average of $14.69 and a two-hundred day moving average of $11.23. The stock has a market capitalization of $810.53 million, a PE ratio of 5.12 and a beta of 0.24.
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 for the quarter. The business had revenue of $267.00 million for the quarter. X Financial had a return on equity of 20.66% and a net margin of 25.03%.
X Financial Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a dividend yield of 2.6%. This is a boost from X Financial's previous semi-annual dividend of $0.17. X Financial's dividend payout ratio (DPR) is currently 3.33%.
Hedge Funds Weigh In On X Financial
A hedge fund recently bought a new stake in X Financial stock. Hhlr Advisors LTD. acquired a new position in X Financial (NYSE:XYF - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 50,000 shares of the company's stock, valued at approximately $720,000. Hhlr Advisors LTD. owned about 0.10% of X Financial as of its most recent SEC filing. 1.15% of the stock is 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.
Further Reading
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