X Financial (NYSE:XYF) Downgraded to Sell at ValuEngine

X Financial (NYSE:XYF) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

Shares of NYSE:XYF traded down $0.05 during midday trading on Thursday, reaching $2.80. 31,267 shares of the company were exchanged, compared to its average volume of 48,550. X Financial has a fifty-two week low of $2.67 and a fifty-two week high of $20.30. The stock’s fifty day moving average price is $3.41.

X Financial (NYSE:XYF) last issued its quarterly earnings data on Monday, May 20th. The company reported $0.20 EPS for the quarter. The company had revenue of $115.69 million for the quarter.

A hedge fund recently bought a new stake in X Financial stock. Norges Bank purchased a new stake in X Financial (NYSE:XYF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 315,000 shares of the company’s stock, valued at approximately $1,345,000. Norges Bank owned about 0.21% of X Financial at the end of the most recent quarter. Institutional investors and hedge funds own 1.11% of the company’s stock.

About X Financial

X Financial provides personal finance services in the People's Republic of China. The company offers a suite of products connecting borrowers and investors through a proprietary Internet platform. It provides loan products, which include Xiaoying card loan and Xiaoying preferred loan; and investment opportunities through wealth management platform, Xiaoying wealth management with insurance protection.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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