X Financial (NYSE:XYF) Announces Earnings Results

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

X Financial Stock Up 2.5%

XYF traded up $0.11 on Wednesday, hitting $4.61. The company’s stock had a trading volume of 205,463 shares, compared to its average volume of 179,741. X Financial has a 12 month low of $4.25 and a 12 month high of $20.35. The firm has a market cap of $192.65 million, a P/E ratio of 0.81 and a beta of 0.39. The company’s 50 day simple moving average is $5.20 and its 200-day simple moving average is $8.55.

Institutional Investors Weigh In On X Financial

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new position in shares of X Financial in the third quarter worth approximately $105,000. Police & Firemen s Retirement System of New Jersey bought a new stake in X Financial during the fourth quarter valued at approximately $43,000. Russell Investments Group Ltd. grew its stake in X Financial by 468.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock worth $457,000 after buying an additional 27,837 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in X Financial in the 2nd quarter worth approximately $697,000. Hedge funds and other institutional investors own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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 MarketBeat.com, the company currently has an average rating of “Hold”.

X Financial Company Profile

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.