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 note issued to investors on Friday.
Jiayin Group Stock Down 2.7%
Shares of JFIN stock traded down $0.50 during trading hours on Friday, hitting $17.69. 139,482 shares of the company were exchanged, compared to its average volume of 124,760. The firm has a market cap of $944.12 million, a PE ratio of 5.90 and a beta of 1.02. Jiayin Group has a 1 year low of $4.00 and a 1 year high of $18.32. The firm has a fifty day moving average of $12.34 and a 200 day moving average of $9.83.
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 for the quarter. The business had revenue of $244.68 million for the quarter. Jiayin Group had a net margin of 19.17% and a return on equity of 43.90%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in shares of Jiayin Group in the 4th quarter worth $109,000. Renaissance Technologies LLC raised its holdings in 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 buying an additional 1,799 shares during the period. Invesco Ltd. purchased a new position in Jiayin Group in the first quarter valued at approximately $168,000. Jump Financial LLC purchased a new position in Jiayin Group in the first quarter valued at approximately $169,000. Finally, LPL Financial LLC purchased a new position in Jiayin Group in the fourth quarter valued at approximately $174,000. 44.08% of the stock is owned by hedge funds and other 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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