Jiayin Group (NASDAQ:JFIN) Sets New 52-Week High – Here’s Why

Jiayin Group Inc. (NASDAQ:JFIN) hit a new 52-week high on Friday . The company traded as high as $10.50 and last traded at $10.17, with a volume of 75763 shares traded. The stock had previously closed at $9.95.

Jiayin Group Stock Performance

The stock has a market capitalization of $540.12 million, a PE ratio of 3.35 and a beta of 0.89. The business has a 50 day moving average of $7.31 and a two-hundred day moving average of $6.58.

Institutional Investors Weigh In On Jiayin Group

A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC purchased a new stake in shares of Jiayin Group during the 4th quarter worth $174,000. Renaissance Technologies LLC lifted its stake 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 purchasing an additional 1,799 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Jiayin Group in the fourth quarter valued at about $109,000. 44.08% of the stock is currently 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.