X Financial (NYSE:XYF) Sees Strong Trading Volume – Here’s Why

X Financial (NYSE:XYFGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 213,035 shares changed hands during mid-day trading, an increase of 437% from the previous session’s volume of 39,653 shares.The stock last traded at $13.50 and had previously closed at $13.16.

X Financial Price Performance

The company has a 50 day simple moving average of $9.28 and a 200-day simple moving average of $7.60. The stock has a market capitalization of $600.62 million, a P/E ratio of 3.23 and a beta of 0.45.

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

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.

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