Jiayin Group (NASDAQ:JFIN) Shares Gap Up – Should You Buy?

Jiayin Group Inc. (NASDAQ:JFIN)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $9.28, but opened at $9.50. Jiayin Group shares last traded at $9.63, with a volume of 67,817 shares trading hands.

Jiayin Group Stock Performance

The stock has a market cap of $538.78 million, a P/E ratio of 3.33 and a beta of 0.89. The business has a 50 day simple moving average of $7.16 and a 200-day simple moving average of $6.53.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jiayin Group stock. LPL Financial LLC acquired a new stake in Jiayin Group Inc. (NASDAQ:JFIN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 27,284 shares of the company’s stock, valued at approximately $174,000. LPL Financial LLC owned 0.05% of Jiayin Group at the end of the most recent reporting period. 44.08% of the stock is owned by 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.