Jiayin Group (NASDAQ:JFIN) Hits New 1-Year High – Here’s What Happened

Jiayin Group Inc. (NASDAQ:JFINGet Free Report) hit a new 52-week high during mid-day trading on Saturday . The company traded as high as $12.00 and last traded at $11.82, with a volume of 330531 shares. The stock had previously closed at $9.83.

Jiayin Group Stock Up 20.2 %

The company’s 50-day moving average is $8.70 and its 200 day moving average is $7.22. The company has a market cap of $634.56 million, a price-to-earnings ratio of 3.94 and a beta of 0.78.

Institutional Investors Weigh In On Jiayin Group

Institutional investors have recently modified their holdings of the business. XTX Topco Ltd purchased a new position in Jiayin Group during the fourth quarter worth approximately $109,000. Renaissance Technologies LLC raised its stake in shares of 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 buying an additional 1,799 shares during the period. Finally, LPL Financial LLC purchased a new position in shares of Jiayin Group during the 4th quarter valued at approximately $174,000. 44.08% of the stock is currently owned by institutional investors and hedge funds.

About Jiayin Group

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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.

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