Jiayin Group (NASDAQ:JFIN) Shares Gap Up – Should You Buy?

Jiayin Group Inc. (NASDAQ:JFIN) shares gapped up prior to trading on Tuesday . The stock had previously closed at $7.07, but opened at $8.87. Jiayin Group shares last traded at $9.65, with a volume of 283,116 shares traded.

Jiayin Group Price Performance

The firm has a 50-day simple moving average of $8.07 and a 200 day simple moving average of $6.97. The stock has a market capitalization of $482.68 million, a P/E ratio of 3.05 and a beta of 0.89.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JFIN. LPL Financial LLC acquired a new position in Jiayin Group in the 4th quarter valued at approximately $174,000. Renaissance Technologies LLC grew its stake in shares of Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock worth $123,000 after purchasing an additional 1,799 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Jiayin Group in the fourth quarter valued at $109,000. Institutional investors 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.