Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN – Get Free Report) traded down 6% during trading on Tuesday. The stock traded as low as $1.25 and last traded at $1.2550. Approximately 25,571 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 36,116 shares. The stock had previously closed at $1.3350.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered shares of Jiayin Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Jiayin Group has an average rating of “Sell”.
View Our Latest Research Report on JFIN
Jiayin Group Price Performance
The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $65.67 million, a price-to-earnings ratio of 1.96 and a beta of 0.90. The company has a 50 day moving average price of $1.68 and a 200 day moving average price of $2.98.
Jiayin Group (NASDAQ:JFIN – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.52) EPS for the quarter. Jiayin Group had a net margin of 5.39% and a return on equity of 5.02%. The company had revenue of $108.46 million during the quarter.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in JFIN. Ramsey Quantitative Systems acquired a new position in Jiayin Group during the second quarter worth approximately $118,000. Militia Capital Management LLC bought a new stake in shares of Jiayin Group during the first quarter worth approximately $215,000. Renaissance Technologies LLC increased its position in Jiayin Group by 10.2% during the 1st quarter. Renaissance Technologies LLC now owns 132,300 shares of the company’s stock worth $554,000 after buying an additional 12,300 shares during the period. Dimensional Fund Advisors LP raised its stake in Jiayin Group by 44.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 124,580 shares of the company’s stock worth $524,000 after purchasing an additional 38,300 shares in the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of Jiayin Group during the 1st quarter worth approximately $63,000. Institutional investors and hedge funds own 44.08% of the company’s stock.
About Jiayin Group
Jiayin Group Inc (NASDAQ: JFIN) is a China-based fintech company that operates an online consumer finance platform. The company uses technology and data analytics to connect individual borrowers seeking personal loans with financial institutions and other funding partners.
Its platform supports the consumer lending process through services that may include borrower acquisition, credit assessment, risk management, loan facilitation and post-loan servicing. Jiayin focuses primarily on serving China’s retail consumer finance market, including borrowers who may have limited access to traditional banking services.
Founded in 2011, Jiayin Group has evolved alongside China’s online lending industry and became a publicly traded company on the Nasdaq in 2019.
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