X Financial (NYSE:XYF) Trading Down 3.9% – Here’s What Happened

X Financial (NYSE:XYF) fell 3.9% during mid-day trading on Monday . The stock traded as low as $13.03 and last traded at $13.08. 230,789 shares traded hands during trading, an increase of 437% from the average session volume of 42,960 shares. The stock had previously closed at $13.60.

X Financial Price Performance

The firm has a market capitalization of $633.84 million, a price-to-earnings ratio of 3.42 and a beta of 0.45. The business’s fifty day simple moving average is $9.50 and its 200 day simple moving average is $7.74.

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

X Financial Increases Dividend

The company also recently announced 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. This represents a dividend yield of 2.6%. This is a positive change from X Financial’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, June 20th. X Financial’s dividend payout ratio is presently 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.