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X Financial (NYSE:XYF) Shares Gap Down - Here's Why

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X Financial (NYSE:XYF - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $13.00, but opened at $12.71. X Financial shares last traded at $13.16, with a volume of 62,283 shares traded.

X Financial Stock Down 2.3 %

The firm has a market capitalization of $769.31 million, a price-to-earnings ratio of 4.15 and a beta of 0.45. The stock's 50 day moving average price is $10.23 and its two-hundred day moving average price is $8.04.

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

X Financial Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 20th will be given a dividend of $0.25 per share. This represents a yield of 2.6%. The ex-dividend date is Friday, June 20th. This is a positive change from X Financial's previous semi-annual dividend of $0.17. X Financial's dividend payout ratio (DPR) is presently 7.36%.

X Financial Company Profile

(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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