X Financial (NYSE:XYF) Trading 0.5% Higher

Shares of X Financial (NYSE:XYF) traded up 0.5% on Wednesday . The company traded as high as $4.33 and last traded at $4.29. Approximately 35,077 shares traded hands during mid-day trading, an increase of 87% from the average session volume of 18,808 shares. The stock had previously closed at $4.27.

X Financial Stock Up 0.5 %

The company has a market cap of $209.91 million, a PE ratio of 1.21 and a beta of 0.27. The firm’s 50-day moving average is $4.06 and its 200-day moving average is $4.03.

X Financial (NYSE:XYF) last issued its quarterly earnings results on Thursday, May 30th. The company reported $0.88 earnings per share for the quarter. The company had revenue of $167.30 million for the quarter. X Financial had a return on equity of 21.60% and a net margin of 25.18%.

Hedge Funds Weigh In On X Financial

A hedge fund recently raised its stake in X Financial stock. Acadian Asset Management LLC grew its holdings in X Financial (NYSE:XYF) by 19.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,594 shares of the company’s stock after purchasing an additional 7,552 shares during the period. Acadian Asset Management LLC owned about 0.10% of X Financial worth $172,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.15% of the company’s stock.

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. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners, as well as Xiaoying revolving loan.