X Financial (NYSE:XYF) Stock Price Up 6.2% – Here’s Why

X Financial (NYSE:XYF)’s share price traded up 6.2% during trading on Tuesday . The company traded as high as $6.95 and last traded at $6.90. 38,963 shares changed hands during trading, an increase of 75% from the average session volume of 22,300 shares. The stock had previously closed at $6.50.

X Financial Stock Performance

The stock has a market cap of $337.62 million, a PE ratio of 1.89 and a beta of 0.31. The business has a 50-day moving average of $6.39 and a 200 day moving average of $5.05.

Institutional Trading of X Financial

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

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.