Jiayin Group (NASDAQ:JFIN) Hits New 52-Week High – Still a Buy?

Jiayin Group Inc. (NASDAQ:JFINGet Free Report) shares hit a new 52-week high during trading on Saturday . The stock traded as high as $12.00 and last traded at $11.82, with a volume of 330531 shares traded. The stock had previously closed at $9.83.

Jiayin Group Stock Performance

The company has a 50 day moving average of $8.70 and a 200 day moving average of $7.22. The stock has a market capitalization of $634.56 million, a price-to-earnings ratio of 3.94 and a beta of 0.78.

Institutional Investors Weigh In On Jiayin Group

A number of hedge funds have recently modified their holdings of the business. LPL Financial LLC purchased a new stake in Jiayin Group during the 4th quarter valued at about $174,000. Renaissance Technologies LLC boosted its holdings in shares of Jiayin Group by 10.3% during the 4th 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 purchased a new stake in shares of Jiayin Group in the fourth quarter valued at approximately $109,000. 44.08% of the stock is currently owned by institutional investors and hedge funds.

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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