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

Jiayin Group Inc. (NASDAQ:JFIN) saw unusually-strong trading volume on Friday . Approximately 151,777 shares changed hands during mid-day 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 5.9 %

The company has a market capitalization of $749.71 million, a price-to-earnings ratio of 4.66 and a beta of 0.78. The stock has a 50-day simple moving average of $9.71 and a 200-day simple moving average of $7.65.

Jiayin Group (NASDAQ:JFIN) last released its quarterly earnings data on Thursday, March 27th. The company reported $0.72 earnings per share for the quarter. The firm 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%.

Hedge Funds Weigh In On Jiayin Group

Several hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in 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 in the last quarter. XTX Topco Ltd acquired a new position in shares of Jiayin Group during the 4th quarter worth $109,000. Finally, LPL Financial LLC acquired a new stake in shares of Jiayin Group in the fourth quarter worth about $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.