Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report) shares shot up 9.9% during mid-day trading on Friday . The company traded as high as $17.17 and last traded at $17.67. 161,178 shares were traded during trading, an increase of 30% from the average session volume of 123,578 shares. The stock had previously closed at $16.08.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Jiayin Group from a "hold" rating to a "strong-buy" rating in a report on Friday.
Check Out Our Latest Stock Analysis on Jiayin Group
Jiayin Group Trading Down 2.7%
The stock's fifty day simple moving average is $12.34 and its 200-day simple moving average is $9.83. The stock has a market capitalization of $944.12 million, a PE ratio of 5.90 and a beta of 1.02.
Jiayin Group (NASDAQ:JFIN - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $1.40 earnings per share for the quarter. Jiayin Group had a return on equity of 43.90% and a net margin of 19.17%. The firm had revenue of $244.68 million for the quarter.
Hedge Funds Weigh In On Jiayin Group
Hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd purchased a new position in shares of Jiayin Group in the 4th quarter worth about $109,000. Renaissance Technologies LLC boosted its holdings in shares of Jiayin Group by 10.3% in the 4th quarter. Renaissance Technologies LLC now owns 19,291 shares of the company's stock worth $123,000 after buying an additional 1,799 shares during the last quarter. LPL Financial LLC purchased a new position in Jiayin Group in the fourth quarter valued at approximately $174,000. Invesco Ltd. purchased a new position in Jiayin Group in the first quarter valued at approximately $168,000. Finally, Nomura Holdings Inc. purchased a new position in Jiayin Group in the first quarter valued at approximately $638,000. Hedge funds and other institutional investors own 44.08% of the company's stock.
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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