X Financial (NYSE:XYF) Trading Up 0.3% – What’s Next?

X Financial Sponsored ADR (NYSE:XYF) shares rose 0.3% during trading on Thursday . The stock traded as high as $5.08 and last traded at $5.0250. Approximately 31,211 shares were traded during trading, a decline of 34% from the average session volume of 47,382 shares. The stock had previously closed at $5.01.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of X Financial in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, X Financial presently has an average rating of “Hold”.

X Financial Price Performance

The company’s 50 day moving average price is $4.83 and its 200 day moving average price is $4.91. The firm has a market cap of $196.41 million, a PE ratio of 1.46 and a beta of 0.41.

Hedge Funds Weigh In On X Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jump Financial LLC acquired a new stake in shares of X Financial in the second quarter valued at $697,000. Ramsey Quantitative Systems acquired a new position in X Financial during the 2nd quarter worth $135,000. Russell Investments Group Ltd. increased its holdings in X Financial by 468.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock worth $457,000 after purchasing an additional 27,837 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new stake in X Financial during the 4th quarter worth about $43,000. Finally, BNP Paribas Financial Markets acquired a new stake in X Financial in the 3rd quarter valued at about $105,000. Hedge funds and other institutional investors own 1.15% of the company’s stock.

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.