Jiayin Group (NASDAQ:JFIN) Stock Falls 3.5% - Time to Sell?

Key Points

• Jiayin Group shares fell 3.5% to $1.39 in mid-day trading, with volume down 69% from the average session. The stock is trading well below its 50-day and 200-day moving averages.
• Analyst sentiment remains bearish: Weiss Ratings downgraded Jiayin from “sell (d+)” to “sell (d),” while MarketBeat reports a consensus “Sell” rating from the only tracked analyst.
• Jiayin reported a quarterly loss of $0.52 per share on $108.46 million in revenue, despite a 5.39% net margin and 5.02% return on equity. Institutional investors and hedge funds own 44.08% of the company, with several firms increasing their stakes.

Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN - Get Free Report) dropped 3.5% during mid-day trading on Tuesday. The stock traded as low as $1.38 and last traded at $1.39. Approximately 18,177 shares were traded during trading, a decline of 69% from the average session volume of 58,942 shares. The stock had previously closed at $1.44.

Analyst Upgrades and Downgrades

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

Jiayin Group Stock Performance

The stock has a market capitalization of $72.74 million, a price-to-earnings ratio of 2.17 and a beta of 0.92. The company's fifty day simple moving average is $1.99 and its 200 day simple moving average is $3.40. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.11.

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

Hedge Funds Weigh In On Jiayin Group

A number of institutional investors have recently added to or reduced their stakes in JFIN. Renaissance Technologies LLC grew its holdings in Jiayin Group by 10.2% during the 1st quarter. Renaissance Technologies LLC now owns 132,300 shares of the company's stock worth $554,000 after acquiring an additional 12,300 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Jiayin Group by 44.4% during the first quarter. Dimensional Fund Advisors LP now owns 124,580 shares of the company's stock worth $524,000 after acquiring an additional 38,300 shares in the last quarter. Militia Capital Management LLC bought a new stake in Jiayin Group during the 1st quarter worth approximately $215,000. Ramsey Quantitative Systems purchased a new stake in Jiayin Group in the 2nd quarter valued at $118,000. Finally, Leonteq Securities AG bought a new stake in Jiayin Group in the 1st quarter worth about $63,000. 44.08% of the stock is currently owned by institutional investors and hedge funds.

Jiayin Group Company Profile

Jiayin Group Inc operates an online consumer finance platform in China. The company uses technology and data-driven risk management tools to connect individual borrowers with funding sources, primarily through digital lending services.

Its platform is designed to support the origination, underwriting, servicing and repayment of personal loans. Jiayin focuses on serving consumers who may have limited access to traditional financial services, providing online application and loan-management capabilities through its technology platform.

Founded in 2011 and headquartered in Shanghai, Jiayin Group serves customers in the Chinese market.

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