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Jiayin Group (NASDAQ:JFIN) Trading Up 5.8% - Time to Buy?

Jiayin Group logo with Computer and Technology background

Shares of Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report) shot up 5.8% during trading on Monday . The stock traded as high as $11.73 and last traded at $11.90. 99,318 shares changed hands during trading, a decline of 9% from the average session volume of 109,193 shares. The stock had previously closed at $11.25.

Jiayin Group Stock Up 1.0 %

The stock's fifty day moving average price is $11.52 and its 200 day moving average price is $8.79. The stock has a market cap of $680.19 million, a PE ratio of 4.22 and a beta of 0.87.

Jiayin Group (NASDAQ:JFIN - Get Free Report) last posted its earnings results on Thursday, March 27th. The company reported $0.72 earnings per share for the quarter. Jiayin Group had a return on equity of 43.90% and a net margin of 19.17%. The company had revenue of $192.42 million for the quarter.

Hedge Funds Weigh In On Jiayin Group

A number of hedge funds and other institutional investors have recently modified their holdings of JFIN. LPL Financial LLC purchased a new position in Jiayin Group during the fourth quarter worth $174,000. XTX Topco Ltd bought a new stake in shares of Jiayin Group in the fourth quarter valued at about $109,000. Finally, Renaissance Technologies LLC increased its position in Jiayin Group by 10.3% during the 4th 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 during the period. Institutional investors own 44.08% of the company's stock.

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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