X Financial (NYSE:XYF) Sees Strong Trading Volume – Should You Buy?

X Financial (NYSE:XYF) saw unusually-high trading volume on Monday . Approximately 123,382 shares were traded during trading, an increase of 105% from the previous session’s volume of 60,231 shares.The stock last traded at $12.52 and had previously closed at $12.75.

X Financial Price Performance

The company’s fifty day moving average price is $11.33 and its 200-day moving average price is $8.63. The stock has a market cap of $600.32 million, a price-to-earnings ratio of 3.24 and a beta of -0.10.

X Financial (NYSE:XYF) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.13 EPS for the quarter. The company had revenue of $234.09 million for 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 disclosed a semi-annual dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 20th will be given a dividend of $0.25 per share. This is an increase from X Financial’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, June 20th. This represents a yield of 2.6%. X Financial’s dividend payout ratio (DPR) is presently 7.36%.

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.