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

X Financial (NYSE:XYF - Get Free Report) shares saw strong trading volume on Tuesday . 85,778 shares traded hands during 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 Price Performance

The firm has a market cap of $621.85 million, a PE ratio of 3.35 and a beta of -0.10. The business has a 50-day moving average price of $10.92 and a two-hundred day moving average price of $8.41.

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

X Financial Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 20th will be given a dividend of $0.25 per share. This represents a yield of 2.6%. This is a boost from X Financial's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, June 20th. X Financial's payout ratio is 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.