X Financial (NYSE:XYF) Sees Strong Trading Volume – What’s Next?

X Financial (NYSE:XYF) shares saw unusually-high trading volume on Tuesday . Approximately 85,778 shares changed hands 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 Trading Up 12.5 %

The business’s fifty day moving average price is $10.67 and its 200 day moving average price is $8.28. The company has a market capitalization of $781.84 million, a P/E ratio of 4.22 and a beta of -0.10.

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

X Financial Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 20th will be paid a $0.25 dividend. This is a positive change 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 payout ratio 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.