FinVolution Group (NYSE:FINV) Announces Earnings Results

FinVolution Group (NYSE:FINV) released its quarterly earnings results on Monday. The company reported $0.38 earnings per share (EPS) for the quarter, Zacks reports. FinVolution Group had a net margin of 17.36% and a return on equity of 16.66%.

FinVolution Group Price Performance

Shares of FinVolution Group stock traded up $0.46 during midday trading on Monday, hitting $9.17. 2,277,094 shares of the company were exchanged, compared to its average volume of 689,989. The firm has a 50 day simple moving average of $7.81 and a 200-day simple moving average of $6.77. The firm has a market cap of $2.43 billion, a P/E ratio of 7.90 and a beta of 0.47. FinVolution Group has a 52 week low of $4.45 and a 52 week high of $10.40.

About FinVolution Group

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.