Xinye Technology (FINV, Financial) experienced a significant stock price increase of 5.02%. The stock is currently priced at $6.60 per share, with a trading volume of 1.15451 million shares and a turnover rate of 0.44%. The stock's volatility is noted at 5.10%.
Recent financial reports reveal that Xinye Technology achieved a revenue of $457 million, a net profit of $87 million, and earnings per share of $0.34. The company's price-to-earnings (P/E) ratio stands at 5.53. Among the nine institutions rating the stock, 89% recommend buying, while 11% suggest holding, with no sell recommendations.
Within the credit services industry, where Xinye Technology operates, the overall sector saw a 0.71% increase. Notable performers in this sector include LexinFintech, Yiren Digital, and Lufax Holding, which showed significant gains. Active stocks in terms of turnover rates include LexinFintech at 4.93%, Upstart Holdings at 4.15%, and SoFi Technologies at 2.33%. Stocks with notable price swings include LexinFintech, Xiaoying Technology, and Qudian, with respective volatilities of 14.17%, 12.66%, and 10.98%.
Xinye Technology Group is a leading online consumer finance provider in China. It offers a variety of loan products, providing financial services to borrowers anytime and anywhere. The company designs loan processes and offers risk-based pricing tailored to borrowers' needs. It generates revenue from fees charged to borrowers and offers investors opportunities to invest in emerging consumer loan asset classes. Xinye's long-term assets and revenue are primarily based in China.
