X Financial (NYSE:XYF) Stock Price Up 0.4% – Time to Buy?

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

Analyst Ratings Changes

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

X Financial Trading Up 0.4%

The stock has a 50-day moving average price of $4.85 and a two-hundred day moving average price of $5.03. The stock has a market cap of $189.98 million, a price-to-earnings ratio of 1.41 and a beta of 0.41.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XYF. BNP Paribas Financial Markets acquired a new position in shares of X Financial in the 3rd quarter valued at $105,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in X Financial during the 4th quarter valued at about $43,000. Russell Investments Group Ltd. grew its stake in X Financial by 468.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock valued at $457,000 after purchasing an additional 27,837 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of X Financial in the second quarter valued at about $697,000. Institutional investors and hedge funds 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.