FinVolution Group (NYSE:FINV - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $7.70 and last traded at $7.58, with a volume of 497764 shares changing hands. The stock had previously closed at $7.66.
FinVolution Group Stock Performance
The firm has a market capitalization of $2.05 billion, a PE ratio of 6.68 and a beta of 0.50. The stock's 50-day simple moving average is $6.83 and its 200-day simple moving average is $6.09.
Hedge Funds Weigh In On FinVolution Group
Several hedge funds and other institutional investors have recently modified their holdings of FINV. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FinVolution Group in the fourth quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of FinVolution Group in the 3rd quarter valued at approximately $58,000. SYM FINANCIAL Corp boosted its position in shares of FinVolution Group by 14.4% during the fourth quarter. SYM FINANCIAL Corp now owns 13,543 shares of the company's stock valued at $92,000 after purchasing an additional 1,706 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in FinVolution Group in the third quarter worth $94,000. Finally, Blue Trust Inc. raised its holdings in FinVolution Group by 246.8% in the third quarter. Blue Trust Inc. now owns 15,754 shares of the company's stock worth $97,000 after purchasing an additional 11,211 shares in the last quarter. Hedge funds and other institutional investors own 31.15% of the company's stock.
FinVolution Group Company Profile
(
Get Free Report)
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.
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