X Financial (NYSE:XYF) Shares Gap Down – Time to Sell?

X Financial (NYSE:XYF) gapped down prior to trading on Monday . The stock had previously closed at $15.90, but opened at $15.01. X Financial shares last traded at $14.93, with a volume of 71,210 shares.

X Financial Stock Down 7.4 %

The firm has a fifty day moving average price of $10.23 and a two-hundred day moving average price of $8.09. The stock has a market capitalization of $720.44 million, a P/E ratio of 3.89 and a beta of 0.45.

X Financial (NYSE:XYF) last issued its earnings results on Wednesday, March 19th. The company reported $1.13 earnings per share (EPS) 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 firm also recently declared 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. The ex-dividend date of this dividend is Friday, June 20th. This represents a dividend yield of 2.6%. This is a boost from X Financial’s previous semi-annual dividend of $0.17. X Financial’s payout ratio 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.