X Financial (NYSE:XYF) Shares Down 1.8%

X Financial (NYSE:XYF) was down 1.8% during mid-day trading on Thursday . The stock traded as low as $4.33 and last traded at $4.35. Approximately 3,627 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 18,497 shares. The stock had previously closed at $4.43.

X Financial Stock Performance

The stock has a market capitalization of $212.85 million, a price-to-earnings ratio of 1.23 and a beta of 0.27. The firm has a fifty day moving average of $4.21 and a 200-day moving average of $4.09.

X Financial (NYSE:XYF) last issued its quarterly earnings results on Thursday, May 30th. The company reported $0.88 EPS for the quarter. The business had revenue of $167.30 million for the quarter. X Financial had a net margin of 25.18% and a return on equity of 21.60%.

Institutional Trading of X Financial

A hedge fund recently raised its stake in X Financial stock. Acadian Asset Management LLC grew its holdings in shares of X Financial (NYSE:XYF) by 19.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,594 shares of the company’s stock after purchasing an additional 7,552 shares during the quarter. Acadian Asset Management LLC owned about 0.10% of X Financial worth $172,000 as of its most recent filing with the Securities and Exchange Commission. 1.15% of the stock is owned by institutional investors and hedge funds.

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. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners, as well as Xiaoying revolving loan.