Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report)'s share price was down 5.3% during trading on Friday . The stock traded as low as $17.63 and last traded at $17.90. Approximately 204,732 shares were traded during mid-day trading, an increase of 61% from the average daily volume of 127,171 shares. The stock had previously closed at $18.91.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded Jiayin Group from a "hold" rating to a "strong-buy" rating in a report on Friday, June 6th.
Read Our Latest Analysis on Jiayin Group
Jiayin Group Stock Down 2.4%
The firm's 50-day simple moving average is $12.90 and its 200 day simple moving average is $10.24. The firm has a market cap of $946.78 million, a P/E ratio of 5.91 and a beta of 1.02.
Jiayin Group (NASDAQ:JFIN - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.40 earnings per share for the quarter. The firm had revenue of $244.68 million for the quarter. Jiayin Group had a return on equity of 43.90% and a net margin of 19.17%.
Institutional Trading of Jiayin Group
Institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. purchased a new stake in shares of Jiayin Group during the first quarter valued at approximately $638,000. Jump Financial LLC bought a new stake in shares of Jiayin Group in the first quarter worth about $169,000. Virtu Financial LLC bought a new position in Jiayin Group during the 1st quarter valued at approximately $180,000. Invesco Ltd. purchased a new stake in Jiayin Group in the 1st quarter worth approximately $168,000. Finally, XTX Topco Ltd bought a new stake in shares of Jiayin Group in the 4th quarter worth approximately $109,000. 44.08% of the stock is currently owned by hedge funds and other institutional investors.
About Jiayin Group
(
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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