Jiayin Group (NASDAQ:JFIN) Trading 1.2% Higher – Should You Buy?

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

Jiayin Group Stock Down 1.6 %

The business has a fifty day moving average of $6.58 and a 200 day moving average of $6.28. The firm has a market cap of $385.49 million, a P/E ratio of 2.39 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 shares of Jiayin Group Inc. (NASDAQ:JFIN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,023 shares of the company’s stock, valued at approximately $31,000. 44.08% of the stock is owned by institutional investors and hedge funds.

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.