Jiayin Group (NASDAQ:JFIN) Trading Up 10% – Should You Buy?

Jiayin Group Inc. (NASDAQ:JFIN) shares traded up 10% during trading on Wednesday . The stock traded as high as $10.00 and last traded at $9.82. 80,697 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 125,157 shares. The stock had previously closed at $8.92.

Jiayin Group Trading Up 9.8 %

The company’s fifty day moving average is $8.12 and its 200 day moving average is $6.99. The company has a market capitalization of $525.79 million, a P/E ratio of 3.25 and a beta of 0.89.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. 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 worth $123,000 after purchasing an additional 1,799 shares during the period. XTX Topco Ltd bought a new stake in Jiayin Group during the fourth quarter worth about $109,000. Finally, LPL Financial LLC purchased a new position in shares of Jiayin Group during the 4th quarter valued at about $174,000. Hedge funds and other institutional investors own 44.08% of the company’s stock.

Jiayin Group Company Profile

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.