FinVolution Group (NYSE:FINV - Get Free Report)'s share price fell 3.9% during mid-day trading on Monday . The company traded as low as $6.81 and last traded at $6.81. 254,974 shares were traded during trading, a decline of 64% from the average session volume of 715,259 shares. The stock had previously closed at $7.09.
FinVolution Group Stock Down 4.8 %
The stock's 50-day moving average price is $5.56 and its 200 day moving average price is $5.14. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 5.99 and a beta of 0.45.
FinVolution Group (NYSE:FINV - Get Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.30 EPS for the quarter. FinVolution Group had a net margin of 17.00% and a return on equity of 16.57%. The business had revenue of $435.93 million during the quarter.
Institutional Investors Weigh In On FinVolution Group
Several institutional investors have recently made changes to their positions in FINV. Kathmere Capital Management LLC increased its stake in shares of FinVolution Group by 23.2% during the 2nd quarter. Kathmere Capital Management LLC now owns 43,697 shares of the company's stock valued at $208,000 after acquiring an additional 8,232 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of FinVolution Group during the 2nd quarter valued at approximately $139,000. Canada Pension Plan Investment Board acquired a new stake in FinVolution Group in the second quarter worth $1,039,000. Public Employees Retirement Association of Colorado increased its position in FinVolution Group by 46.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 104,700 shares of the company's stock worth $499,000 after buying an additional 33,100 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in FinVolution Group by 38.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 39,891 shares of the company's stock valued at $188,000 after buying an additional 11,177 shares in the last quarter. 31.15% of the stock is currently owned by hedge funds and other institutional investors.
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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