X Financial (NYSE:XYF) Trading Down 3.9% – Should You Sell?

X Financial (NYSE:XYF)’s stock price fell 3.9% on Monday . The company traded as low as $13.03 and last traded at $13.08. 230,789 shares traded hands during mid-day trading, an increase of 437% from the average session volume of 42,960 shares. The stock had previously closed at $13.60.

X Financial Trading Up 17.4 %

The firm has a market cap of $746.61 million, a P/E ratio of 4.01 and a beta of 0.45. The firm’s 50 day moving average is $9.73 and its two-hundred day moving average is $7.86.

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

X Financial Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 20th will be paid a dividend of $0.25 per share. This represents a yield of 2.6%. This is a boost from X Financial’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, June 20th. X Financial’s dividend payout ratio is presently 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.