X Financial (NYSE:XYF) Sees Large Volume Increase – Time to Buy?

X Financial (NYSE:XYF) shares saw an uptick in trading volume on Tuesday . 85,778 shares were traded during mid-day trading, an increase of 64% from the previous session’s volume of 52,184 shares.The stock last traded at $14.47 and had previously closed at $14.39.

X Financial Stock Performance

The stock’s fifty day simple moving average is $10.37 and its 200-day simple moving average is $8.16. The stock has a market cap of $704.05 million, a P/E ratio of 3.80 and a beta of 0.45.

X Financial (NYSE:XYF) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.13 earnings per share (EPS) for the quarter. The business 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 company 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 $0.25 dividend. This is a positive change 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.