X Financial (NYSE:XYF) Stock Price Up 0.4% – What’s Next?

X Financial Sponsored ADR (NYSE:XYF)’s stock price was up 0.4% during mid-day trading on Thursday . The stock traded as high as $4.99 and last traded at $4.86. Approximately 42,801 shares were traded during trading, a decline of 30% from the average daily volume of 61,476 shares. The stock had previously closed at $4.84.

Wall Street Analyst Weigh In

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

X Financial Price Performance

The business has a fifty day moving average of $4.85 and a 200-day moving average of $5.03. The stock has a market cap of $189.98 million, a PE ratio of 1.41 and a beta of 0.41.

Institutional Trading of X Financial

A number of hedge funds have recently bought and sold shares of the stock. Jump Financial LLC purchased a new position in shares of X Financial in the 2nd quarter valued at $697,000. Russell Investments Group Ltd. lifted its stake in shares of 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 last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in X Financial during the fourth quarter valued at about $43,000. Finally, BNP Paribas Financial Markets bought a new stake in X Financial during the third quarter valued at about $105,000. Hedge funds and other institutional investors own 1.15% of the company’s stock.

About X Financial

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.