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

Jiayin Group Inc. (NASDAQ:JFINGet Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $11.82, but opened at $12.39. Jiayin Group shares last traded at $12.58, with a volume of 53,293 shares.

Jiayin Group Trading Up 5.8 %

The company’s fifty day simple moving average is $8.70 and its 200-day simple moving average is $7.22. The stock has a market cap of $671.49 million, a P/E ratio of 4.12 and a beta of 0.78.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in Jiayin Group by 10.3% in 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. XTX Topco Ltd bought a new position in Jiayin Group in the fourth quarter valued at $109,000. Finally, LPL Financial LLC bought a new position in shares of Jiayin Group in the fourth quarter valued at $174,000. 44.08% of the stock is currently owned by institutional investors and hedge funds.

Jiayin Group Company Profile

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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.

Further Reading

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