LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX – Get Free Report) declared a dividend on Thursday, March 19th. Shareholders of record on Friday, April 24th will be paid a dividend of 0.188 per share on Wednesday, June 3rd. This represents a yield of 1,589.0%. The ex-dividend date of this dividend is Friday, April 24th.
LexinFintech has a payout ratio of 13.4% indicating that its dividend is sufficiently covered by earnings.
LexinFintech Stock Performance
Shares of NASDAQ LX opened at $2.30 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.89 and a current ratio of 1.89. The firm has a market cap of $387.00 million, a price-to-earnings ratio of 1.76 and a beta of 0.82. The business’s 50-day simple moving average is $2.54 and its 200-day simple moving average is $3.29. LexinFintech has a 52 week low of $2.02 and a 52 week high of $9.35.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “hold (c)” rating on shares of LexinFintech in a research note on Friday, March 27th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $3.50.
Read Our Latest Stock Analysis on LX
LexinFintech Company Profile
LexinFintech Holdings Ltd. (NASDAQ: LX) is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company’s core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.
In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.
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