Jiayin Group (NASDAQ:JFIN) Shares Down 5.2% - Should You Sell?

Shares of Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report) were down 5.2% during mid-day trading on Friday . The stock traded as low as $12.93 and last traded at $12.80. Approximately 40,070 shares traded hands during trading, a decline of 65% from the average daily volume of 113,760 shares. The stock had previously closed at $13.50.

Jiayin Group Stock Performance

The stock has a market capitalization of $699.15 million, a P/E ratio of 4.37 and a beta of 0.87. The business has a 50-day moving average price of $11.94 and a 200 day moving average price of $9.31.

Jiayin Group (NASDAQ:JFIN - Get Free Report) last released its earnings results on Thursday, March 27th. The company reported $0.72 EPS for the quarter. The firm 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in Jiayin Group during the 4th quarter valued at $109,000. Renaissance Technologies LLC lifted its holdings in shares of Jiayin Group by 10.3% during the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company's stock valued at $123,000 after purchasing an additional 1,799 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Jiayin Group during the first quarter valued at $168,000. Jump Financial LLC purchased a new stake in shares of Jiayin Group during the first quarter valued at $169,000. Finally, LPL Financial LLC bought a new stake in Jiayin Group in the 4th quarter worth about $174,000. 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.