X Financial (NYSE:XYF) Posts Quarterly Earnings Results

X Financial (NYSE:XYF) posted its earnings results on Thursday. The company reported $1.43 earnings per share for the quarter, Zacks reports. X Financial had a return on equity of 25.42% and a net margin of 23.30%.

X Financial Stock Performance

Shares of X Financial stock traded down $0.57 on Thursday, reaching $9.14. The stock had a trading volume of 407,177 shares, compared to its average volume of 263,370. The business’s 50-day moving average price is $13.14 and its two-hundred day moving average price is $15.12. The stock has a market cap of $381.91 million, a P/E ratio of 1.71 and a beta of 0.28. X Financial has a fifty-two week low of $6.20 and a fifty-two week high of $20.35.

Analyst Ratings Changes

Several research firms recently issued reports on XYF. Weiss Ratings cut shares of X Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Wall Street Zen lowered shares of X Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On X Financial

A number of institutional investors have recently made changes to their positions in XYF. BNP Paribas Financial Markets bought a new stake in X Financial during the 3rd quarter valued at approximately $105,000. Russell Investments Group Ltd. boosted its position in shares of X Financial by 468.4% in the third quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock valued at $457,000 after acquiring an additional 27,837 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of X Financial in the second quarter worth $697,000. 1.15% of the stock is currently owned by institutional investors.

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.