Jiayin Group (NASDAQ:JFIN) Stock Price Up 0.7% – Should You Buy?

Jiayin Group Inc. (NASDAQ:JFIN) shot up 0.7% on Monday . The company traded as high as $6.85 and last traded at $6.75. 53,820 shares traded hands during trading, a decline of 31% from the average session volume of 77,543 shares. The stock had previously closed at $6.70.

Jiayin Group Trading Up 0.7 %

The company has a fifty day simple moving average of $6.61 and a 200-day simple moving average of $6.27. The company has a market capitalization of $362.41 million, a PE ratio of 2.17 and a beta of 0.87.

Jiayin Group (NASDAQ:JFIN) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $203.15 million during the quarter. Jiayin Group had a net margin of 20.00% and a return on equity of 49.78%.

Institutional Investors Weigh In On Jiayin Group

Institutional investors have recently modified their holdings of the company. Ariadne Wealth Management LP purchased a new stake in shares of Jiayin Group during the second quarter worth approximately $31,000. Fermata Advisors LLC acquired a new position in Jiayin Group during the 2nd quarter worth approximately $78,000. Finally, Boston Partners purchased a new stake in shares of Jiayin Group in the 1st quarter valued at approximately $439,000. 44.08% of the stock is owned by institutional investors and hedge funds.

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.