Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN – Get Free Report)’s stock price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $1.56 and traded as high as $1.8799. Jiayin Group shares last traded at $1.72, with a volume of 10,899,209 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings downgraded Jiayin Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
Get Our Latest Stock Report on JFIN
Jiayin Group Price Performance
The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market capitalization of $90.01 million, a price-to-earnings ratio of 2.69 and a beta of 0.90. The business has a fifty day moving average of $1.56 and a two-hundred day moving average of $3.82.
Jiayin Group (NASDAQ:JFIN – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.52) earnings per share for the quarter. Jiayin Group had a net margin of 5.39% and a return on equity of 5.02%. The business had revenue of $108.46 million during the quarter.
Hedge Funds Weigh In On Jiayin Group
Several institutional investors and hedge funds have recently modified their holdings of JFIN. Leonteq Securities AG bought a new position in shares of Jiayin Group in the first quarter valued at about $63,000. Ramsey Quantitative Systems acquired a new stake in shares of Jiayin Group during the 2nd quarter worth about $118,000. Militia Capital Management LLC acquired a new stake in shares of Jiayin Group during the 1st quarter worth about $215,000. Dimensional Fund Advisors LP lifted its stake in shares of Jiayin Group by 44.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 124,580 shares of the company’s stock worth $524,000 after buying an additional 38,300 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of 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. 44.08% of the stock is currently owned by institutional investors and hedge funds.
About Jiayin Group
Jiayin Group Inc (NASDAQ: JFIN) is a China-based financial technology company that operates an online consumer finance platform. The company uses digital technologies, data analysis and risk-management tools to facilitate access to personal loans for individual borrowers, particularly customers who may be underserved by traditional financial institutions.
Jiayin’s platform connects borrowers with funding sources, including institutional investors and other financing partners. Its services generally include borrower acquisition, credit assessment, loan matching and facilitation, as well as post-loan servicing and collection support.
Further Reading
- Five stocks we like better than Jiayin Group
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for Jiayin Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jiayin Group and related companies with MarketBeat.com's FREE daily email newsletter.
