X Financial (NYSE:XYF) Trading 9.3% Higher – What’s Next?

X Financial (NYSE:XYF) shares rose 9.3% during trading on Wednesday . The company traded as high as $15.55 and last traded at $15.52. Approximately 395,257 shares traded hands during trading, an increase of 174% from the average daily volume of 144,100 shares. The stock had previously closed at $14.20.

X Financial Stock Up 12.7 %

The stock has a 50-day moving average of $10.51 and a 200 day moving average of $8.23. The company has a market capitalization of $782.82 million, a PE ratio of 4.22 and a beta of 0.45.

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

X Financial Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 20th will be given a dividend of $0.25 per share. 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 of this dividend is Friday, June 20th. X Financial’s dividend payout ratio is currently 7.36%.

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.