X Financial (NYSE:XYF) Trading Down 3.9% – Should You Sell?

X Financial (NYSE:XYF) dropped 3.9% during mid-day trading on Monday . The company traded as low as $13.03 and last traded at $13.08. Approximately 230,789 shares were traded during mid-day trading, an increase of 437% from the average daily volume of 42,960 shares. The stock had previously closed at $13.60.

X Financial Stock Performance

The stock’s 50 day moving average price is $9.50 and its 200 day moving average price is $7.74. The company has a market capitalization of $633.84 million, a P/E ratio of 3.42 and a beta of 0.45.

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

X Financial Increases Dividend

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