X Financial (NYSE:XYF) Stock Price Up 8.7% - Still a Buy?

X Financial (NYSE:XYF - Get Free Report)'s stock price shot up 8.7% during trading on Tuesday . The stock traded as high as $13.13 and last traded at $13.06. 199,886 shares were traded during trading, an increase of 222% from the average session volume of 62,119 shares. The stock had previously closed at $12.01.

X Financial Stock Performance

The stock has a market capitalization of $530.50 million, a P/E ratio of 2.86 and a beta of -0.10. The business has a 50 day simple moving average of $11.47 and a 200-day simple moving average of $8.72.

X Financial (NYSE:XYF - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $1.13 EPS for the quarter. The company 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 firm also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a dividend 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

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.