Jiayin Group (NASDAQ:JFIN) Trading Up 1.2% – Still a Buy?

Jiayin Group Inc. (NASDAQ:JFIN)’s share price rose 1.2% during mid-day trading on Monday . The stock traded as high as $7.47 and last traded at $7.30. Approximately 44,986 shares changed hands during trading, a decline of 70% from the average daily volume of 147,904 shares. The stock had previously closed at $7.21.

Jiayin Group Stock Up 1.2 %

The stock has a fifty day simple moving average of $6.56 and a 200-day simple moving average of $6.27. The company has a market capitalization of $391.94 million, a P/E ratio of 2.43 and a beta of 0.91.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Jiayin Group stock. Ariadne Wealth Management LP bought a new position in Jiayin Group Inc. (NASDAQ:JFIN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,023 shares of the company’s stock, valued at approximately $31,000. Institutional investors and hedge funds own 44.08% of the company’s stock.

Jiayin Group Company Profile

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.