X Financial (NYSE:XYF) Shares Gap Down – Here’s Why

Shares of X Financial (NYSE:XYF) gapped down prior to trading on Monday . The stock had previously closed at $15.90, but opened at $15.01. X Financial shares last traded at $14.93, with a volume of 71,210 shares changing hands.

X Financial Price Performance

The firm has a 50-day simple moving average of $10.23 and a 200-day simple moving average of $8.09. The firm has a market capitalization of $720.44 million, a PE ratio of 3.89 and a beta of 0.45.

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

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 paid a $0.25 dividend. 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 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.