X Financial (NYSE:XYF) Trading Down 13% – Should You Sell?

X Financial (NYSE:XYF) was down 13% during mid-day trading on Friday . The company traded as low as $13.04 and last traded at $13.39. Approximately 87,573 shares changed hands during mid-day trading, an increase of 51% from the average daily volume of 58,052 shares. The stock had previously closed at $15.40.

X Financial Stock Down 17.5 %

The firm has a 50-day simple moving average of $10.92 and a 200 day simple moving average of $8.41. The company has a market cap of $621.85 million, a price-to-earnings ratio of 3.35 and a beta of -0.10.

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 business had revenue of $234.09 million for the quarter.

X Financial Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 20th will be issued a $0.25 dividend. This represents a dividend yield of 2.6%. This is a boost 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%.

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.