X Financial (NYSE:XYF) Sees Strong Trading Volume – Should You Buy?

X Financial (NYSE:XYF) shares saw strong trading volume on Wednesday . 44,180 shares changed hands during mid-day trading, a decline of 1% from the previous session’s volume of 44,459 shares.The stock last traded at $13.19 and had previously closed at $13.00.

X Financial Stock Performance

The firm has a market capitalization of $676.65 million, a price-to-earnings ratio of 3.65 and a beta of 0.45. The business’s 50 day moving average is $9.73 and its 200-day moving average is $7.86.

X Financial (NYSE:XYF) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.13 earnings per share for the quarter. The business had revenue of $234.09 million during the quarter. X Financial had a return on equity of 20.66% and a net margin of 25.03%.

X Financial Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 20th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 20th. This represents a dividend yield of 2.6%. This is a positive change from X Financial’s previous semi-annual dividend of $0.17. X Financial’s dividend payout ratio is currently 7.36%.

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.