X Financial (NYSE:XYF) Sees Unusually-High Trading Volume – Should You Buy?

X Financial (NYSE:XYFGet Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 89,674 shares changed hands during trading, an increase of 62% from the previous session’s volume of 55,379 shares.The stock last traded at $12.03 and had previously closed at $10.89.

X Financial Price Performance

The company’s 50-day simple moving average is $8.09 and its 200-day simple moving average is $6.68. The stock has a market capitalization of $538.72 million, a price-to-earnings ratio of 2.91 and a beta of 0.31.

X Financial (NYSE:XYFGet Free Report) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.24 earnings per share for the quarter. X Financial had a net margin of 25.03% and a return on equity of 20.66%.

About X Financial

(Get Free Report)

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.

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