X Financial (NYSE:XYF) Trading Up 2.5% – What’s Next?

X Financial Sponsored ADR (NYSE:XYF) shares rose 2.5% on Wednesday . The stock traded as high as $4.85 and last traded at $4.6110. Approximately 227,861 shares traded hands during mid-day trading, an increase of 89% from the average daily volume of 120,453 shares. The stock had previously closed at $4.50.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of X Financial in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, X Financial presently has a consensus rating of “Hold”.

X Financial Stock Up 2.5%

The firm has a market capitalization of $192.65 million, a price-to-earnings ratio of 0.81 and a beta of 0.39. The company’s 50 day moving average is $5.17 and its 200 day moving average is $8.52.

X Financial (NYSE:XYF) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.04 earnings per share for the quarter. X Financial had a net margin of 22.75% and a return on equity of 24.56%.

Institutional Investors Weigh In On X Financial

Several institutional investors have recently made changes to their positions in XYF. Police & Firemen s Retirement System of New Jersey bought a new stake in X Financial during the fourth quarter worth $43,000. BNP Paribas Financial Markets bought a new position in shares of X Financial in the 3rd quarter valued at $105,000. Russell Investments Group Ltd. increased its stake in shares of X Financial by 468.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock valued at $457,000 after purchasing an additional 27,837 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of X Financial during the 2nd quarter worth $697,000. 1.15% of the stock is currently owned by institutional investors.

X Financial Company Profile

X Financial (NYSE:XYF) is a Beijing-based online credit marketplace focused on providing diversified financing solutions to individuals and small- and medium-sized enterprises (SMEs) in China. The company was established in 2014 and completed its initial public offering on the New York Stock Exchange in 2016. Since inception, X Financial has built a technology-driven platform that connects borrowers with a network of institutional investors, banks and other funding sources, aiming to streamline access to credit and improve lending efficiency.

The company’s core offerings include consumer loans, SME loans, real estate-secured financing and wealth management products.