Jiayin Group Inc. (NASDAQ:JFIN – Get 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
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.
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