X Financial (NYSE:XYF) Trading 9.3% Higher – Should You Buy?

X Financial (NYSE:XYF) shares rose 9.3% on Wednesday . The stock traded as high as $15.55 and last traded at $15.52. Approximately 395,257 shares traded hands during trading, an increase of 174% from the average daily volume of 144,100 shares. The stock had previously closed at $14.20.

X Financial Price Performance

The business’s fifty day moving average price is $10.51 and its 200-day moving average price is $8.23. The stock has a market capitalization of $782.82 million, a PE ratio of 4.22 and a beta of 0.45.

X Financial (NYSE:XYF) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.13 earnings per share (EPS) 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 business also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 20th will be paid a $0.25 dividend. This is an increase from X Financial’s previous semi-annual dividend of $0.17. This represents a yield of 2.6%. The ex-dividend date is Friday, June 20th. X Financial’s dividend payout ratio (DPR) 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.