Jiayin Group (NASDAQ:JFIN) Shares Down 0.5% - Here's Why

Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN - Get Free Report)'s share price dropped 0.5% during trading on Wednesday . The company traded as low as $16.42 and last traded at $16.57. Approximately 41,972 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 130,819 shares. The stock had previously closed at $16.65.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Jiayin Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 6th.

Jiayin Group Stock Down 0.5%

The stock has a 50 day simple moving average of $13.88 and a 200 day simple moving average of $10.75. The stock has a market cap of $884.34 million, a price-to-earnings ratio of 4.82 and a beta of 1.02.

Jiayin Group (NASDAQ:JFIN - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.40 EPS for the quarter. Jiayin Group had a return on equity of 42.68% and a net margin of 21.66%. The firm had revenue of $244.68 million during the quarter.

Institutional Investors Weigh In On Jiayin Group

Several institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings in Jiayin Group by 10.3% during the fourth 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. Invesco Ltd. bought a new stake in Jiayin Group during the first quarter worth $168,000. Jump Financial LLC bought a new stake in Jiayin Group during the first quarter worth $169,000. Virtu Financial LLC bought a new stake in Jiayin Group during the first quarter worth $180,000. Finally, XTX Topco Ltd bought a new stake in Jiayin Group during the fourth quarter worth $109,000. Institutional investors own 44.08% of the company's stock.

Jiayin Group Company Profile

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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