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X Financial (NYSE:XYF) Shares Gap Up - Here's What Happened

X Financial logo with Finance background
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X Financial (NYSE:XYF - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $12.49, but opened at $12.89. X Financial shares last traded at $12.63, with a volume of 30,621 shares trading hands.

X Financial Stock Up 6.2 %

The firm has a market capitalization of $655.31 million, a P/E ratio of 3.53 and a beta of 0.45. The company has a fifty day simple moving average of $9.38 and a 200 day simple moving average of $7.64.

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

X Financial Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 20th will be paid a $0.25 dividend. This represents a dividend yield of 2.6%. The ex-dividend date is Friday, June 20th. This is an increase from X Financial's previous semi-annual dividend of $0.17. X Financial's dividend payout ratio is currently 8.44%.

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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