Jiayin Group (NASDAQ:JFIN) Reaches New 52-Week High – What’s Next?

Shares of Jiayin Group Inc. (NASDAQ:JFIN) reached a new 52-week high on Thursday . The stock traded as high as $14.50 and last traded at $13.95, with a volume of 84476 shares traded. The stock had previously closed at $12.10.

Jiayin Group Stock Up 27.1 %

The stock has a market capitalization of $825.62 million, a price-to-earnings ratio of 5.20 and a beta of 0.78. The stock has a fifty day moving average of $9.56 and a 200-day moving average of $7.60.

Jiayin Group (NASDAQ:JFIN) last issued its earnings results on Thursday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter. Jiayin Group had a net margin of 19.17% and a return on equity of 43.90%.

Hedge Funds Weigh In On Jiayin Group

Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in shares of Jiayin Group by 10.3% during 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 in the last quarter. XTX Topco Ltd acquired a new position in Jiayin Group during the fourth quarter worth approximately $109,000. Finally, LPL Financial LLC purchased a new stake in Jiayin Group in the fourth quarter valued at approximately $174,000. Institutional investors and hedge funds own 44.08% of the company’s stock.

About Jiayin Group

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.