Jiayin Group (NASDAQ:JFIN) Stock Price Up 5.5% – Should You Buy?

Shares of Jiayin Group Inc. (NASDAQ:JFIN) rose 5.5% during trading on Wednesday . The stock traded as high as $12.18 and last traded at $12.38. Approximately 40,073 shares traded hands during trading, a decline of 58% from the average daily volume of 95,709 shares. The stock had previously closed at $11.74.

Jiayin Group Stock Up 5.4 %

The company has a market cap of $664.35 million, a P/E ratio of 4.12 and a beta of 0.78. The firm has a fifty day moving average price of $9.46 and a 200 day moving average price of $7.57.

Institutional Investors Weigh In On Jiayin Group

A number of hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC acquired a new position in shares of Jiayin Group during the fourth quarter worth approximately $174,000. Renaissance Technologies LLC increased its holdings in shares of 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 position in Jiayin Group in the 4th quarter worth approximately $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.