X Financial (NYSE:XYF) Stock Price Up 0.4% – What’s Next?

X Financial Sponsored ADR (NYSE:XYF)’s stock price traded up 0.4% during trading on Thursday . The stock traded as high as $4.99 and last traded at $4.86. Approximately 42,801 shares were traded during mid-day trading, a decline of 30% from the average session volume of 61,476 shares. The stock had previously closed at $4.84.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of X Financial in a report on Monday, May 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat, X Financial presently has an average rating of “Hold”.

X Financial Stock Performance

The stock’s 50-day simple moving average is $4.85 and its 200 day simple moving average is $5.03. The company has a market capitalization of $183.14 million, a PE ratio of 1.36 and a beta of 0.41.

Hedge Funds Weigh In On X Financial

Large investors have recently bought and sold shares of the business. Jump Financial LLC acquired a new stake in X Financial in the second quarter valued at $697,000. Russell Investments Group Ltd. boosted its position in shares of X Financial by 468.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock worth $457,000 after acquiring an additional 27,837 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of X Financial in the 3rd quarter valued at about $105,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of X Financial in the 4th quarter valued at about $43,000. Finally, Ramsey Quantitative Systems acquired a new stake in shares of X Financial during the 2nd quarter worth about $135,000. Hedge funds and other institutional investors own 1.15% of the company’s stock.

X Financial Company Profile

X Financial (NYSE:XYF) is a Beijing-based online credit marketplace focused on providing diversified financing solutions to individuals and small- and medium-sized enterprises (SMEs) in China. The company was established in 2014 and completed its initial public offering on the New York Stock Exchange in 2016. Since inception, X Financial has built a technology-driven platform that connects borrowers with a network of institutional investors, banks and other funding sources, aiming to streamline access to credit and improve lending efficiency.

The company’s core offerings include consumer loans, SME loans, real estate-secured financing and wealth management products.