Jiayin Group (NASDAQ:JFIN) Trading Down 6.6% – What’s Next?

Jiayin Group Inc. (NASDAQ:JFIN) was down 6.6% on Friday . The company traded as low as $11.20 and last traded at $11.23. Approximately 137,714 shares traded hands during trading, a decline of 4% from the average daily volume of 144,094 shares. The stock had previously closed at $12.02.

Jiayin Group Stock Down 3.3 %

The business’s 50 day moving average is $9.27 and its two-hundred day moving average is $7.46. The firm has a market cap of $623.82 million, a P/E ratio of 3.87 and a beta of 0.78.

Hedge Funds Weigh In On Jiayin Group

A number of hedge funds have recently bought and sold shares of the company. LPL Financial LLC bought a new stake in Jiayin Group in the fourth quarter valued at $174,000. Renaissance Technologies LLC increased its stake in Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock valued at $123,000 after purchasing an additional 1,799 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Jiayin Group in the fourth quarter valued at $109,000. Institutional investors own 44.08% of the company’s stock.

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.