FinVolution Group (NYSE:FINV) Stock Price Down 4.5% - Should You Sell?

FinVolution Group (NYSE:FINV - Get Free Report)'s stock price traded down 4.5% during mid-day trading on Tuesday . The stock traded as low as $5.88 and last traded at $5.89. 148,713 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 724,440 shares. The stock had previously closed at $6.17.

FinVolution Group Stock Down 6.2 %

The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 5.31 and a beta of 0.45. The business has a 50 day moving average of $5.68 and a 200 day moving average of $5.20.

FinVolution Group (NYSE:FINV - Get Free Report) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $435.93 million for the quarter. FinVolution Group had a net margin of 17.00% and a return on equity of 16.57%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. SYM FINANCIAL Corp purchased a new stake in shares of FinVolution Group in the second quarter valued at $54,000. Vicus Capital purchased a new position in shares of FinVolution Group during the 1st quarter worth about $63,000. SVB Wealth LLC purchased a new position in shares of FinVolution Group during the 1st quarter worth about $80,000. Ballentine Partners LLC boosted its position in shares of FinVolution Group by 62.7% in the first quarter. Ballentine Partners LLC now owns 18,481 shares of the company's stock worth $93,000 after acquiring an additional 7,123 shares during the last quarter. Finally, D Orazio & Associates Inc. grew its holdings in FinVolution Group by 23.7% in the first quarter. D Orazio & Associates Inc. now owns 22,318 shares of the company's stock valued at $112,000 after purchasing an additional 4,276 shares during the period. 31.15% of the stock is currently owned by institutional investors and hedge funds.

FinVolution Group Company Profile

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.