X Financial (NYSE:XYF) Reaches New 52-Week High – Still a Buy?

X Financial (NYSE:XYF) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.49 and last traded at $15.17, with a volume of 501806 shares changing hands. The stock had previously closed at $13.00.

X Financial Price Performance

The company has a market capitalization of $769.31 million, a price-to-earnings ratio of 4.15 and a beta of 0.45. The business’s 50-day moving average price is $10.23 and its two-hundred day moving average price is $8.04.

X Financial (NYSE:XYF) last announced its quarterly earnings data 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 firm had revenue of $234.09 million for the quarter.

X Financial Increases Dividend

The business also recently declared 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 is an increase from X Financial’s previous semi-annual dividend of $0.17. This represents a dividend yield of 2.6%. The ex-dividend date is Friday, June 20th. X Financial’s dividend payout ratio (DPR) 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.