X Financial (NYSE:XYF) Stock Price Up 1.1% – What’s Next?

X Financial Sponsored ADR (NYSE:XYF)’s share price rose 1.1% on Tuesday. The stock traded as high as $4.93 and last traded at $4.8750. 27,395 shares were traded during mid-day trading, The stock had previously closed at $4.82.

Analysts Set New Price Targets

Separately, Weiss Ratings cut X Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

X Financial Stock Performance

The business’s 50-day moving average is $5.18 and its two-hundred day moving average is $5.01.

X Financial (NYSE:XYF) last issued its earnings results on Monday, August 24th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.36. The business had revenue of $146.24 million during the quarter, compared to the consensus estimate of $145.96 million.

X Financial Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, September 28th. Stockholders of record on Thursday, September 10th were given a dividend of $0.28 per share. This represents a dividend yield of 1,076.0%. The ex-dividend date was Thursday, September 10th. This is a negative change from X Financial’s previous dividend of $0.2802.

Institutional Trading of X Financial

A hedge fund recently bought a new stake in X Financial stock. Ramsey Quantitative Systems purchased a new position in X Financial Sponsored ADR (NYSE:XYF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 27,838 shares of the company’s stock, valued at approximately $135,000. Ramsey Quantitative Systems owned about 0.07% of X Financial at the end of the most recent quarter. Institutional investors and hedge funds own 1.15% of the company’s stock.

X Financial Company Profile

X Financial (NYSE: XYF) is a China-based financial technology company that operates an online consumer finance platform. The company uses digital technologies and data-driven credit assessment to provide access to personal financing products and related financial services.

Its primary offerings have included Xiaoying Card, a revolving consumer credit product, and Xiaoying Loan, an installment lending product. X Financial has also operated online wealth-management and investment-related services under the Xiaoying brand, although its business has increasingly focused on consumer lending and loan facilitation.

Founded in 2014 and headquartered in Shenzhen, China, X Financial primarily serves borrowers in mainland China through online and mobile channels.