X Financial (NYSE:XYF) Sets New 1-Year High – Still a Buy?

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

X Financial Trading Up 16.7 %

The firm’s fifty day moving average price is $9.89 and its 200-day moving average price is $7.91. The company has a market cap of $741.96 million, a price-to-earnings ratio of 4.00 and a beta of 0.45.

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

X Financial Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 20th will be issued a dividend of $0.25 per share. 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 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.