Jiayin Group (NASDAQ:JFIN) Trading Up 0.7% – Here’s What Happened

Jiayin Group Inc. (NASDAQ:JFIN) was up 0.7% during mid-day trading on Monday . The company traded as high as $6.85 and last traded at $6.75. Approximately 53,820 shares changed hands during trading, a decline of 31% from the average daily volume of 77,543 shares. The stock had previously closed at $6.70.

Jiayin Group Stock Performance

The firm has a market capitalization of $362.41 million, a price-to-earnings ratio of 2.17 and a beta of 0.87. The company has a 50-day moving average price of $6.61 and a 200-day moving average price of $6.27.

Jiayin Group (NASDAQ:JFIN) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $203.15 million during the quarter. Jiayin Group had a return on equity of 49.78% and a net margin of 20.00%.

Institutional Investors Weigh In On Jiayin Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ariadne Wealth Management LP purchased a new position in shares of Jiayin Group during the second quarter worth about $31,000. Fermata Advisors LLC purchased a new stake in shares of Jiayin Group in the 2nd quarter valued at about $78,000. Finally, Boston Partners acquired a new stake in shares of Jiayin Group in the 1st quarter valued at about $439,000. 44.08% of the stock is owned by hedge funds and other institutional investors.

Jiayin Group Company Profile

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.