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Jiayin Group (NASDAQ:JFIN) Shares Down 5% - Should You Sell?

Jiayin Group logo with Computer and Technology background

Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report) shares traded down 5% during mid-day trading on Monday . The stock traded as low as $14.50 and last traded at $14.48. 176,464 shares were traded during trading, an increase of 49% from the average session volume of 118,377 shares. The stock had previously closed at $15.25.

Jiayin Group Stock Up 8.3%

The firm has a market cap of $878.47 million, a price-to-earnings ratio of 5.49 and a beta of 1.02. The company's 50-day moving average price is $12.20 and its 200-day moving average price is $9.63.

Jiayin Group (NASDAQ:JFIN - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.40 earnings per share (EPS) for the quarter. Jiayin Group had a net margin of 19.17% and a return on equity of 43.90%.

Institutional Trading of Jiayin Group

Several hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. purchased a new stake in shares of Jiayin Group during the first quarter worth approximately $638,000. LPL Financial LLC purchased a new stake in shares of Jiayin Group during the fourth quarter worth approximately $174,000. XTX Topco Ltd purchased a new stake in shares of Jiayin Group during the fourth quarter worth approximately $109,000. Virtu Financial LLC purchased a new stake in shares of Jiayin Group during the first quarter worth approximately $180,000. Finally, Jump Financial LLC purchased a new stake in shares of Jiayin Group during the first quarter worth approximately $169,000. Institutional investors and hedge funds 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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