X Financial (NYSE:XYF) Reaches New 12-Month High – Here’s Why

X Financial (NYSE:XYF) reached a new 52-week high on Thursday . The stock traded as high as $15.49 and last traded at $15.17, with a volume of 501806 shares changing hands. The stock had previously closed at $13.00.

X Financial Trading Down 2.3 %

The business has a 50-day moving average of $10.23 and a two-hundred day moving average of $8.04. The firm has a market cap of $769.31 million, a P/E ratio of 4.15 and a beta of 0.45.

X Financial (NYSE:XYF) last released its quarterly 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 company had revenue of $234.09 million for the quarter.

X Financial Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 20th will be given a $0.25 dividend. This is a boost from X Financial’s previous semi-annual dividend of $0.17. This represents a yield of 2.6%. The ex-dividend date of this dividend is Friday, June 20th. X Financial’s dividend payout ratio is 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.