X Financial (NYSE:XYF) Trading Up 2.5% – Time to Buy?

X Financial Sponsored ADR (NYSE:XYF) was up 2.5% on Wednesday . The company traded as high as $4.85 and last traded at $4.6110. Approximately 227,861 shares changed hands during mid-day trading, an increase of 89% from the average daily volume of 120,453 shares. The stock had previously closed at $4.50.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of X Financial in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

X Financial Price Performance

The company’s 50 day simple moving average is $5.17 and its 200 day simple moving average is $8.52. The stock has a market cap of $192.65 million, a P/E ratio of 0.81 and a beta of 0.39.

X Financial (NYSE:XYF) last posted its earnings results on Wednesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter. X Financial had a return on equity of 24.56% and a net margin of 22.75%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Jump Financial LLC acquired a new position in shares of X Financial during the 2nd quarter worth approximately $697,000. Russell Investments Group Ltd. lifted its holdings in X Financial by 468.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock valued at $457,000 after purchasing an additional 27,837 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in X Financial during the fourth quarter worth $43,000. Finally, BNP Paribas Financial Markets bought a new position in X Financial during the third quarter worth $105,000. Institutional investors and hedge funds own 1.15% of the company’s stock.

About X Financial

X Financial (NYSE:XYF) is a Beijing-based online credit marketplace focused on providing diversified financing solutions to individuals and small- and medium-sized enterprises (SMEs) in China. The company was established in 2014 and completed its initial public offering on the New York Stock Exchange in 2016. Since inception, X Financial has built a technology-driven platform that connects borrowers with a network of institutional investors, banks and other funding sources, aiming to streamline access to credit and improve lending efficiency.

The company’s core offerings include consumer loans, SME loans, real estate-secured financing and wealth management products.