Jiayin Group (NASDAQ:JFIN) Stock Price Down 2.1% – Here’s What Happened

Jiayin Group Inc. (NASDAQ:JFIN)’s stock price was down 2.1% during trading on Tuesday . The stock traded as low as $6.40 and last traded at $6.40. Approximately 59,180 shares traded hands during trading, a decline of 22% from the average daily volume of 76,304 shares. The stock had previously closed at $6.54.

Jiayin Group Stock Down 2.1 %

The company has a market capitalization of $343.58 million, a PE ratio of 2.13 and a beta of 0.88. The stock’s fifty day moving average price is $6.75 and its two-hundred day moving average price is $6.22.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jiayin Group stock. Ariadne Wealth Management LP purchased a new stake in shares of Jiayin Group Inc. (NASDAQ:JFIN) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,023 shares of the company’s stock, valued at approximately $31,000. 44.08% of the stock is owned by hedge funds and other institutional investors.

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.