X Financial (NYSE:XYF) Stock Price Down 3.3% – Time to Sell?

X Financial Sponsored ADR (NYSE:XYF) shares traded down 3.3% on Monday . The stock traded as low as $6.77 and last traded at $6.8830. 168,957 shares were traded during mid-day trading, a decline of 28% from the average session volume of 233,307 shares. The stock had previously closed at $7.12.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on XYF. Wall Street Zen downgraded shares of X Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of X Financial in a research report on Monday, December 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, X Financial currently has an average rating of “Hold”.

X Financial Stock Down 3.3%

The business has a 50 day moving average price of $10.60 and a two-hundred day moving average price of $14.08. The stock has a market cap of $287.57 million, a P/E ratio of 1.22 and a beta of 0.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hhlr Advisors LTD. purchased a new position in shares of X Financial during the first quarter valued at about $720,000. Acadian Asset Management LLC boosted its stake in X Financial by 29.4% during the first quarter. Acadian Asset Management LLC now owns 107,272 shares of the company’s stock valued at $1,534,000 after buying an additional 24,395 shares during the last quarter. Jump Financial LLC purchased a new position in X Financial during the 2nd quarter valued at approximately $697,000. Russell Investments Group Ltd. grew its holdings in X Financial by 468.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock valued at $457,000 after buying an additional 27,837 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in X Financial in the 3rd quarter worth approximately $105,000. Institutional investors own 1.15% of the company’s stock.

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.