X Financial (NYSE:XYF) Shares Down 1.4% – What’s Next?

X Financial Sponsored ADR (NYSE:XYF)’s share price traded down 1.4% during mid-day trading on Monday . The company traded as low as $18.41 and last traded at $18.74. 371,297 shares traded hands during mid-day trading, an increase of 190% from the average session volume of 127,945 shares. The stock had previously closed at $19.01.

X Financial Stock Performance

The stock has a 50-day moving average of $16.67 and a 200-day moving average of $12.55. The firm has a market cap of $782.96 million, a price-to-earnings ratio of 3.90 and a beta of 0.20.

X Financial (NYSE:XYF) last posted its quarterly earnings results on Monday, May 19th. The company reported $1.40 earnings per share for the quarter. The firm had revenue of $267.00 million for the quarter. X Financial had a return on equity of 23.30% and a net margin of 24.76%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in X Financial stock. Hhlr Advisors LTD. bought a new position in shares of X Financial Sponsored ADR (NYSE:XYF) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 50,000 shares of the company’s stock, valued at approximately $720,000. Hhlr Advisors LTD. owned about 0.10% of X Financial at the end of the most recent quarter. Hedge funds and other institutional investors own 1.15% of the company’s stock.

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.