Jiayin Group (NASDAQ:JFIN) Shares Up 9.9% – Here’s Why

Jiayin Group Inc. (NASDAQ:JFINGet Free Report)’s stock price was up 9.9% on Friday . The company traded as high as $17.17 and last traded at $17.67. Approximately 161,178 shares were traded during mid-day trading, an increase of 30% from the average daily volume of 123,578 shares. The stock had previously closed at $16.08.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Jiayin Group from a “hold” rating to a “strong-buy” rating in a research report on Friday.

Check Out Our Latest Report on Jiayin Group

Jiayin Group Trading Up 13.1%

The business’s 50-day simple moving average is $12.34 and its two-hundred day simple moving average is $9.80. The company has a market capitalization of $970.80 million, a PE ratio of 6.06 and a beta of 1.02.

Jiayin Group (NASDAQ:JFINGet Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.40 earnings per share for the quarter. The company had revenue of $244.68 million during the quarter. Jiayin Group had a net margin of 19.17% and a return on equity of 43.90%.

Institutional Investors Weigh In On Jiayin Group

A number of institutional investors have recently modified their holdings of JFIN. Nomura Holdings Inc. acquired a new stake in shares of Jiayin Group in the 1st quarter valued at about $638,000. LPL Financial LLC acquired a new stake in shares of Jiayin Group in the 4th quarter valued at about $174,000. XTX Topco Ltd acquired a new stake in shares of Jiayin Group in the 4th quarter valued at about $109,000. Virtu Financial LLC acquired a new stake in shares of Jiayin Group in the 1st quarter valued at about $180,000. Finally, Jump Financial LLC acquired a new stake in shares of Jiayin Group in the 1st quarter valued at about $169,000. Institutional investors and hedge funds own 44.08% of the company’s stock.

Jiayin Group Company Profile

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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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