Jiayin Group (NASDAQ:JFIN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "strong-buy" rating in a report released on Friday.
Jiayin Group Stock Up 13.1%
Jiayin Group stock traded up $2.11 during trading hours on Friday, hitting $18.19. The stock had a trading volume of 333,547 shares, compared to its average volume of 124,585. The company has a 50-day moving average of $12.34 and a two-hundred day moving average of $9.77. The company has a market cap of $970.80 million, a PE ratio of 6.06 and a beta of 1.02. Jiayin Group has a fifty-two week low of $4.00 and a fifty-two week high of $18.27.
Jiayin Group (NASDAQ:JFIN - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.40 EPS for the quarter. The firm had revenue of $244.68 million during the quarter. Jiayin Group had a return on equity of 43.90% and a net margin of 19.17%.
Hedge Funds Weigh In On Jiayin Group
Several large investors have recently added to or reduced their stakes in the company. Invesco Ltd. acquired a new position in shares of Jiayin Group in the 1st quarter worth approximately $168,000. Jump Financial LLC acquired a new position in shares of Jiayin Group in the 1st quarter worth approximately $169,000. Virtu Financial LLC acquired a new position in shares of Jiayin Group in the 1st quarter worth approximately $180,000. XTX Topco Ltd acquired a new position in shares of Jiayin Group in the 4th quarter worth approximately $109,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Jiayin Group by 10.3% in the 4th quarter. Renaissance Technologies LLC now owns 19,291 shares of the company's stock worth $123,000 after buying an additional 1,799 shares in the last quarter. Institutional investors and hedge funds own 44.08% of the company's stock.
Jiayin Group Company Profile
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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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