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Jiayin Group (NASDAQ:JFIN) Shares Gap Up - What's Next?

Jiayin Group logo with Computer and Technology background
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Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $7.07, but opened at $8.87. Jiayin Group shares last traded at $9.65, with a volume of 283,116 shares trading hands.

Jiayin Group Stock Performance

The firm's 50 day moving average price is $8.32 and its two-hundred day moving average price is $7.06. The firm has a market cap of $529.33 million, a PE ratio of 3.29 and a beta of 0.78.

Institutional Trading of Jiayin Group

Hedge funds have recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in shares of Jiayin Group in the 4th quarter worth approximately $109,000. Renaissance Technologies LLC lifted its holdings in shares of Jiayin Group by 10.3% in the 4th quarter. Renaissance Technologies LLC now owns 19,291 shares of the company's stock worth $123,000 after acquiring an additional 1,799 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in shares of Jiayin Group in the 4th quarter worth approximately $174,000. Hedge funds and other institutional investors own 44.08% of the company's stock.

Jiayin Group Company Profile

(Get Free Report)

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.

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