Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report) shares were up 10% during trading on Wednesday . The stock traded as high as $10.00 and last traded at $9.82. Approximately 80,697 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 125,157 shares. The stock had previously closed at $8.92.
Jiayin Group Stock Performance
The company has a 50 day moving average price of $8.32 and a 200 day moving average price of $7.07. The company has a market capitalization of $529.33 million, a price-to-earnings ratio of 3.29 and a beta of 0.78.
Hedge Funds Weigh In On Jiayin Group
A number of hedge funds have recently added to or reduced their stakes in JFIN. LPL Financial LLC acquired a new position in Jiayin Group during the 4th quarter valued at about $174,000. XTX Topco Ltd acquired a new position in Jiayin Group during the 4th quarter valued at about $109,000. Finally, Renaissance Technologies LLC boosted its stake in Jiayin Group by 10.3% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 44.08% of the company's stock.
About Jiayin Group
(
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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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