Jiayin Group (NASDAQ:JFIN) Sees Unusually-High Trading Volume – Here’s What Happened

Jiayin Group Inc. (NASDAQ:JFIN) shares saw an uptick in trading volume on Friday . 151,777 shares traded hands during trading, an increase of 53% from the previous session’s volume of 99,133 shares.The stock last traded at $14.25 and had previously closed at $14.84.

Jiayin Group Trading Down 6.0 %

The stock has a market cap of $748.91 million, a P/E ratio of 4.65 and a beta of 0.78. The business’s fifty day simple moving average is $9.84 and its 200 day simple moving average is $7.73.

Jiayin Group (NASDAQ:JFIN) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.72 EPS for the quarter. The business had revenue of $192.42 million for the quarter. Jiayin Group had a net margin of 19.17% and a return on equity of 43.90%.

Institutional Investors Weigh In On Jiayin Group

Several hedge funds and other institutional investors have recently made changes to their positions in JFIN. XTX Topco Ltd acquired a new position in Jiayin Group during the 4th quarter valued at about $109,000. Renaissance Technologies LLC grew its position in shares of Jiayin Group by 10.3% during the 4th quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock worth $123,000 after buying an additional 1,799 shares during the period. Finally, LPL Financial LLC bought a new stake in shares of Jiayin Group during the fourth quarter worth approximately $174,000. 44.08% of the stock is 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.