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X Financial (NYSE:XYF) Sees Large Volume Increase - Here's Why

X Financial logo with Finance background
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X Financial (NYSE:XYF - Get Free Report) shares saw strong trading volume on Tuesday . 85,778 shares traded 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 Stock Performance

The stock's 50 day moving average price is $10.82 and its 200 day moving average price is $8.33. The company has a market capitalization of $638.29 million, a P/E ratio of 3.48 and a beta of -0.10.

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

X Financial Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 20th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 20th. This represents a yield of 2.6%. This is a positive change from X Financial's previous semi-annual dividend of $0.17. X Financial's dividend payout ratio is presently 7.36%.

About X Financial

(Get Free Report)

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.

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