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

X Financial (NYSE:XYF - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 88,280 shares changed hands during mid-day trading, an increase of 31% from the previous session's volume of 67,600 shares.The stock last traded at $11.80 and had previously closed at $10.77.

X Financial Stock Up 2.2 %

The stock's 50-day moving average is $11.80 and its 200-day moving average is $8.88. The firm has a market cap of $570.97 million, a P/E ratio of 3.08 and a beta of -0.10.

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

X Financial Increases Dividend

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