X Financial (NYSE:XYF) Shares Gap Down – Should You Sell?

X Financial (NYSE:XYF) gapped down before the market opened on Tuesday . The stock had previously closed at $13.00, but opened at $12.71. X Financial shares last traded at $13.16, with a volume of 62,283 shares.

X Financial Stock Up 1.2 %

The firm has a market capitalization of $643.87 million, a PE ratio of 3.47 and a beta of 0.45. The business’s 50-day moving average price is $9.62 and its 200-day moving average price is $7.80.

X Financial (NYSE:XYF) last released its earnings results on Wednesday, March 19th. The company reported $1.13 earnings per share (EPS) for the quarter. The company had revenue of $234.09 million during the quarter. X Financial had a net margin of 25.03% and a return on equity of 20.66%.

X Financial Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 20th will be given a $0.25 dividend. This is a positive change from X Financial’s previous semi-annual dividend of $0.17. This represents a yield of 2.6%. The ex-dividend date of this dividend is Friday, June 20th. X Financial’s dividend payout ratio is presently 7.36%.

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.