X Financial (NYSE:XYF) Shares Gap Down – Here’s Why

X Financial (NYSE:XYF) gapped down prior to trading on Monday . The stock had previously closed at $15.90, but opened at $15.01. X Financial shares last traded at $14.93, with a volume of 71,210 shares traded.

X Financial Stock Performance

The stock’s 50 day moving average price is $10.51 and its 200 day moving average price is $8.23. The company has a market capitalization of $702.04 million, a P/E ratio of 3.79 and a beta of 0.45.

X Financial (NYSE:XYF) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.13 EPS for the quarter. X Financial had a net margin of 25.03% and a return on equity of 20.66%. The business 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. Shareholders of record on Friday, June 20th will be issued a $0.25 dividend. This is an increase from X Financial’s previous semi-annual dividend of $0.17. This represents a yield of 2.6%. The ex-dividend date is Friday, June 20th. X Financial’s payout ratio 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.