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

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

X Financial Stock Up 17.4 %

The company has a market capitalization of $746.61 million, a P/E ratio of 4.01 and a beta of 0.45. The business has a fifty day moving average price of $9.73 and a 200 day moving average price of $7.86.

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

X Financial Increases Dividend

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