Jiayin Group (NASDAQ:JFIN) Share Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Jiayin Group shares rose 37.6%, trading as high as $1.8799 and closing at $1.72, above the 50-day moving average of $1.56 on heavy volume.
• Despite the price rebound, analyst sentiment remains negative: Weiss Ratings downgraded the stock to “sell,” while MarketBeat reports an average “Sell” rating from analysts.
• Institutional ownership stands at 44.08%, with investors including Dimensional Fund Advisors and Renaissance Technologies increasing their positions; the company reported $108.46 million in quarterly revenue and a loss of $0.52 per share.

Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN - Get Free Report)'s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $1.56 and traded as high as $1.8799. Jiayin Group shares last traded at $1.72, with a volume of 10,899,209 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Jiayin Group from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Jiayin Group presently has an average rating of "Sell".

Jiayin Group Stock Up 37.6%

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a 50-day moving average of $1.56 and a 200 day moving average of $3.82. The stock has a market capitalization of $90.01 million, a price-to-earnings ratio of 2.69 and a beta of 0.90.

Jiayin Group (NASDAQ:JFIN - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.52) earnings per share for the quarter. Jiayin Group had a return on equity of 5.02% and a net margin of 5.39%. The company had revenue of $108.46 million for the quarter.

Hedge Funds Weigh In On Jiayin Group

Several hedge funds and other institutional investors have recently made changes to their positions in JFIN. Leonteq Securities AG bought a new stake in Jiayin Group during the first quarter worth $63,000. Ramsey Quantitative Systems acquired a new stake in Jiayin Group in the second quarter valued at $118,000. Militia Capital Management LLC acquired a new stake in Jiayin Group in the first quarter valued at $215,000. Dimensional Fund Advisors LP grew its position in shares of Jiayin Group by 44.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 124,580 shares of the company's stock valued at $524,000 after acquiring an additional 38,300 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Jiayin Group by 10.2% in the 1st quarter. Renaissance Technologies LLC now owns 132,300 shares of the company's stock valued at $554,000 after acquiring an additional 12,300 shares during the period. 44.08% of the stock is owned by institutional investors.

Jiayin Group Company Profile

Jiayin Group Inc NASDAQ: JFIN is a China-based financial technology company that operates an online consumer finance platform. The company uses digital technologies, data analysis and risk-management tools to facilitate access to personal loans for individual borrowers, particularly customers who may be underserved by traditional financial institutions.

Jiayin's platform connects borrowers with funding sources, including institutional investors and other financing partners. Its services generally include borrower acquisition, credit assessment, loan matching and facilitation, as well as post-loan servicing and collection support.

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