X Financial (NYSE:XYF) Releases Earnings Results

X Financial (NYSE:XYF) released its earnings results on Thursday. The company reported $1.43 earnings per share (EPS) for the quarter, Zacks reports. X Financial had a return on equity of 25.42% and a net margin of 23.30%.

X Financial Stock Performance

XYF stock traded down $0.57 during midday trading on Thursday, reaching $9.14. 406,756 shares of the company were exchanged, compared to its average volume of 263,368. The stock’s 50-day simple moving average is $13.14 and its 200 day simple moving average is $15.12. X Financial has a 1-year low of $6.20 and a 1-year high of $20.35. The company has a market cap of $381.91 million, a price-to-earnings ratio of 1.71 and a beta of 0.28.

Hedge Funds Weigh In On X Financial

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in shares of X Financial during the third quarter worth about $105,000. Russell Investments Group Ltd. boosted its position in shares of X Financial by 468.4% in 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 period. Finally, Jump Financial LLC purchased a new position in X Financial during the 2nd quarter worth approximately $697,000. Institutional investors and hedge funds own 1.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on XYF shares. Weiss Ratings lowered X Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Wall Street Zen cut shares of X Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.