X Financial's (XYF) Buy (B-) Rating Reaffirmed at Weiss Ratings

Key Points

• X Financial has received its "buy (B-)" rating reaffirmed by Weiss Ratings, indicating continued confidence in the company.
• Investment research firm Wall Street Zen downgraded X Financial from a "strong-buy" to a "buy" rating, reflecting a slight shift in market sentiment.
• The company reported $1.85 earnings per share and revenue of $317.32 million for the last quarter, showcasing strong financial performance.

X Financial (NYSE:XYF - Get Free Report)'s stock had its "buy (b-)" rating restated by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of X Financial from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, X Financial has a consensus rating of "Buy".

X Financial Price Performance

X Financial stock traded up $0.30 during trading hours on Wednesday, hitting $14.55. The company had a trading volume of 68,580 shares, compared to its average volume of 275,976. The firm has a market cap of $607.90 million, a PE ratio of 2.72 and a beta of 0.12. X Financial has a one year low of $6.04 and a one year high of $20.35. The firm has a 50-day moving average of $14.27 and a 200 day moving average of $15.25.

X Financial (NYSE:XYF - Get Free Report) last announced its earnings results on Monday, August 18th. The company reported $1.85 earnings per share (EPS) for the quarter. The firm had revenue of $317.32 million for the quarter. X Financial had a net margin of 23.30% and a return on equity of 25.42%.

Institutional Trading of X Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC increased its holdings in shares of X Financial by 29.4% in the 1st quarter. Acadian Asset Management LLC now owns 107,272 shares of the company's stock worth $1,534,000 after buying an additional 24,395 shares during the last quarter. Jump Financial LLC bought a new position in shares of X Financial during the 2nd quarter valued at $697,000. Finally, Hhlr Advisors LTD. bought a new position in shares of X Financial during the 1st quarter valued at $720,000. Institutional investors own 1.15% of the company's stock.

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.

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