Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report) shares shot up 12.2% during trading on Monday . The company traded as high as $11.65 and last traded at $11.32. 63,077 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 103,553 shares. The stock had previously closed at $10.09.
Jiayin Group Trading Up 1.5 %
The company has a market capitalization of $559.40 million, a price-to-earnings ratio of 3.47 and a beta of 0.62. The company has a 50 day moving average price of $10.94 and a 200 day moving average price of $8.34.
Jiayin Group (NASDAQ:JFIN - Get Free Report) last posted its quarterly earnings results on Thursday, March 27th. The company reported $0.72 earnings per share for the quarter. The company 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
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its stake in Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company's stock valued at $123,000 after buying an additional 1,799 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Jiayin Group during the fourth quarter worth $174,000. Finally, XTX Topco Ltd bought a new stake in Jiayin Group in the 4th quarter valued at $109,000. 44.08% of the stock is currently owned by 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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