X Financial (NYSE:XYF) Shares Up 0.3% – What’s Next?

X Financial Sponsored ADR (NYSE:XYF)’s stock price traded up 0.3% on Thursday . The stock traded as high as $5.08 and last traded at $5.0250. Approximately 31,211 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 47,382 shares. The stock had previously closed at $5.01.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of X Financial in a report on Monday, May 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, X Financial currently has a consensus rating of “Hold”.

X Financial Trading Up 0.3%

The stock has a fifty day simple moving average of $4.83 and a 200-day simple moving average of $4.91. The company has a market capitalization of $196.41 million, a PE ratio of 1.46 and a beta of 0.41.

Hedge Funds Weigh In On X Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey acquired a new position in X Financial in the fourth quarter valued at approximately $43,000. BNP Paribas Financial Markets purchased a new stake in shares of X Financial during the 3rd quarter worth approximately $105,000. Ramsey Quantitative Systems purchased a new stake in shares of X Financial during the 2nd quarter worth approximately $135,000. Russell Investments Group Ltd. boosted its holdings in shares of X Financial by 468.4% in 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, Jump Financial LLC purchased a new position in shares of X Financial in the 2nd quarter valued at $697,000. 1.15% of the stock is owned by institutional investors and hedge funds.

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.