X Financial (NYSE:XYF) Sees Strong Trading Volume - Here's What Happened
X Financial (NYSE:XYF) experienced a significant increase in trading volume, with 123,382 shares traded, up 105% from the previous session. The stock is currently priced at $12.52, down from $12.75. The company reported a Q1 EPS of $1.13 and revenue of $234.09 million, with a market cap of $583.93 million. X Financial announced a semi-annual dividend increase to $0.25, yielding 2.6%. Analysts currently rate the stock as a Hold, suggesting better investment options are available.
Shares of X Financial (NYSE:XYF - Get Free Report) saw strong trading volume on Monday . 123,382 shares were traded during mid-day trading, an increase of 105% from the previous session's volume of 60,231 shares.The stock last traded at $12.52 and had previously closed at $12.75.
X Financial Stock Performance
The firm's 50-day simple moving average is $11.00 and its 200 day simple moving average is $8.48. The stock has a market capitalization of $583.93 million, a P/E ratio of 3.15 and a beta of -0.10.
X Financial (NYSE:XYF - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $1.13 EPS for the quarter. The company had revenue of $234.09 million for the quarter. X Financial had a return on equity of 20.66% and a net margin of 25.03%.
X Financial Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 20th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 20th. This is an increase from X Financial's previous semi-annual dividend of $0.17. This represents a yield of 2.6%. X Financial's dividend payout ratio (DPR) is currently 7.36%.
X Financial Company Profile
(Get Free Report)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.
Further Reading
- Five stocks we like better than X Financial
- How to buy stock: A step-by-step guide for beginners
- Options Activity Points to More Volatility for Palantir Stock
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- NVIDIA Stock: Oversold, Undervalued — How Low Can It Go?
- Airline Stocks - Top Airline Stocks to Buy Now
- MicroStrategy Sees Insider Buy-Sell Action in Q1
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in X Financial Right Now?
Before you consider X Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and X Financial wasn't on the list.
While X Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
