X Financial (NYSE:XYF) Shares Up 2.3% – What’s Next?

Shares of X Financial (NYSE:XYF) were up 2.3% during trading on Monday . The stock traded as high as $8.14 and last traded at $8.13. Approximately 16,657 shares traded hands during trading, a decline of 31% from the average daily volume of 24,155 shares. The stock had previously closed at $7.95.

X Financial Stock Up 2.3 %

The stock’s 50-day moving average price is $6.97 and its 200 day moving average price is $5.58. The company has a market cap of $397.77 million, a P/E ratio of 2.15 and a beta of 0.35.

Hedge Funds Weigh In On X Financial

A hedge fund recently raised its stake in X Financial stock. Acadian Asset Management LLC lifted its stake in X Financial (NYSE:XYF) by 23.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,278 shares of the company’s stock after buying an additional 10,684 shares during the period. Acadian Asset Management LLC owned about 0.12% of X Financial worth $237,000 at the end of the most recent reporting period. 1.15% of the stock is currently owned by institutional investors.

About X Financial

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.