Jiayin Group (NASDAQ:JFIN) Trading Down 5.6% – Time to Sell?

by · The Cerbat Gem

Shares of Jiayin Group Inc. (NASDAQ:JFIN – Get Free Report) dropped 5.6% during mid-day trading on Wednesday . The company traded as low as $10.23 and last traded at $10.33. Approximately 121,884 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 104,345 shares. The stock had previously closed at $10.94.

Jiayin Group Trading Up 1.5 %

The firm has a market capitalization of $559.40 million, a price-to-earnings ratio of 3.47 and a beta of 0.62. The company’s 50 day moving average is $10.92 and its 200-day moving average is $8.32.

Jiayin Group (NASDAQ:JFIN – Get Free Report) last posted its earnings results on Thursday, March 27th. The company reported $0.72 earnings per share for the quarter. The business had revenue of $192.42 million for the quarter. Jiayin Group had a return on equity of 43.90% and a net margin of 19.17%.

Institutional Trading of Jiayin Group

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in Jiayin Group during the 4th quarter worth $109,000. Renaissance Technologies LLC grew its stake in shares of Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock valued at $123,000 after acquiring an additional 1,799 shares in the last quarter. Finally, LPL Financial LLC bought a new position in Jiayin Group during the fourth quarter worth about $174,000. 44.08% of the stock is currently owned by institutional investors.

Jiayin Group Company Profile

(Get Free Report)

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.

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