X Financial (NYSE:XYF) Stock Price Down 2.4% – Time to Sell?

X Financial (NYSE:XYF)’s stock price dropped 2.4% during mid-day trading on Monday . The stock traded as low as $7.05 and last traded at $7.05. Approximately 23,322 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 31,175 shares. The stock had previously closed at $7.22.

X Financial Stock Up 3.7 %

The company has a market cap of $360.58 million, a price-to-earnings ratio of 1.94 and a beta of 0.34. The business has a fifty day simple moving average of $7.40 and a 200 day simple moving average of $5.99.

Institutional Trading of X Financial

A hedge fund recently raised its stake in X Financial stock. Acadian Asset Management LLC raised its stake in X Financial (NYSE:XYF) by 23.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,278 shares of the company’s stock after buying an additional 10,684 shares during the period. Acadian Asset Management LLC owned approximately 0.12% of X Financial worth $237,000 at the end of the most recent reporting period. Institutional investors own 1.15% of the company’s stock.

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.