Jiayin Group (NASDAQ:JFIN) Hits New 12-Month High – Here’s What Happened

Jiayin Group Inc. (NASDAQ:JFIN) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $10.76 and last traded at $10.13, with a volume of 66182 shares changing hands. The stock had previously closed at $9.77.

Jiayin Group Price Performance

The company’s 50 day moving average price is $8.19 and its 200 day moving average price is $7.01. The firm has a market capitalization of $518.06 million, a P/E ratio of 3.22 and a beta of 0.78.

Institutional Investors Weigh In On Jiayin Group

Several hedge funds have recently bought and sold shares of JFIN. LPL Financial LLC acquired a new stake in Jiayin Group in the fourth quarter worth $174,000. Renaissance Technologies LLC raised its holdings in Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock worth $123,000 after purchasing an additional 1,799 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Jiayin Group in the fourth quarter worth $109,000. 44.08% of the stock is currently owned by institutional investors and hedge funds.

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.