X Financial (NYSE:XYF) Sees Large Volume Increase – Still a Buy?

X Financial (NYSE:XYF) saw unusually-strong trading volume on Wednesday . Approximately 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 Up 6.1 %

The company has a market capitalization of $794.80 million, a price-to-earnings ratio of 4.29 and a beta of 0.45. The stock’s 50-day simple moving average is $10.07 and its two-hundred day simple moving average is $7.96.

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

X Financial Increases Dividend

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

X Financial Company Profile

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.