X Financial (NYSE:XYF) Announces Quarterly Earnings Results

X Financial (NYSE:XYF - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.43 EPS for the quarter, Zacks reports. X Financial had a return on equity of 25.42% and a net margin of 23.30%.X Financial Stock Down 5.9%NYSE:XYF traded down $0.57 during trading hours on Thursday, reaching $9.14. 406,756 shares of the stock were exchanged, compared to its average volume of 263,368. X Financial has a twelve month low of $6.20 and a twelve month high of $20.35. The business has a 50-day moving average of $13.14 and a two-hundred day moving average of $15.12. The company has a market capitalization of $381.91 million, a price-to-earnings ratio of 1.71 and a beta of 0.28. Wall Street Analysts Forecast GrowthXYF has been the topic of a number of analyst reports. Weiss Ratings downgraded shares of X Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. Wall Street Zen lowered shares of X Financial from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".Read Our Latest Report on X FinancialHedge Funds Weigh In On X FinancialSeveral hedge funds have recently bought and sold shares of XYF. BNP Paribas Financial Markets purchased a new stake in X Financial during the third quarter worth about $105,000. Russell Investments Group Ltd. grew its holdings in shares of X Financial by 468.4% in the third 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 in the last quarter. Finally, Jump Financial LLC purchased a new stake in X Financial during the 2nd quarter worth approximately $697,000. Institutional investors and hedge funds own 1.15% of the company's stock. X Financial Company Profile (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.Further ReadingFive stocks we like better than X FinancialWhere Do I Find 52-Week Highs and Lows?Joby and Archer Forge a New Strategic Chapter in the UAEWhat is a support level?3 Speculative Stocks to Sell Before the Bottom Drops OutWhat is the NASDAQ Stock Exchange?The Off-Price Retail King? Why TJX Looks Ready to Break OutThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in X Financial Right Now?Before you consider X Financial, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and X Financial wasn't on the list.While X Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here