X Financial (NYSE:XYF) Stock Price Up 8.7% – Should You Buy?

X Financial (NYSE:XYF) shares rose 8.7% during mid-day trading on Tuesday . The stock traded as high as $13.13 and last traded at $13.06. Approximately 199,886 shares traded hands during trading, an increase of 222% from the average daily volume of 62,119 shares. The stock had previously closed at $12.01.

X Financial Price Performance

The business’s fifty day simple moving average is $11.00 and its 200 day simple moving average is $8.48. The stock has a market cap of $577.08 million, a price-to-earnings ratio of 3.11 and a beta of -0.10.

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

X Financial Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 20th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, June 20th. This is a positive change from X Financial’s previous semi-annual dividend of $0.17. This represents a dividend yield of 2.6%. 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.