Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $18.70 and last traded at $17.97, with a volume of 101132 shares changing hands. The stock had previously closed at $17.52.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Jiayin Group from a "hold" rating to a "strong-buy" rating in a report on Friday, June 6th.
Get Our Latest Stock Report on Jiayin Group
Jiayin Group Price Performance
The firm has a market capitalization of $969.73 million, a P/E ratio of 6.06 and a beta of 1.02. The company's 50-day simple moving average is $12.90 and its two-hundred day simple moving average is $10.22.
Jiayin Group (NASDAQ:JFIN - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.40 earnings per share (EPS) for the quarter. The firm had revenue of $244.68 million during the quarter. Jiayin Group had a net margin of 19.17% and a return on equity of 43.90%.
Hedge Funds Weigh In On Jiayin Group
A number of institutional investors and hedge funds have recently made changes to their positions in JFIN. Nomura Holdings Inc. purchased a new position in shares of Jiayin Group in the 1st quarter worth $638,000. LPL Financial LLC purchased a new position in shares of Jiayin Group during the 4th quarter worth about $174,000. XTX Topco Ltd purchased a new position in shares of Jiayin Group during the 4th quarter worth about $109,000. Virtu Financial LLC purchased a new position in shares of Jiayin Group during the 1st quarter worth about $180,000. Finally, Jump Financial LLC purchased a new position in shares of Jiayin Group during the 1st quarter worth about $169,000. 44.08% of the stock is owned by hedge funds and other institutional investors.
About Jiayin Group
(
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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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