Jiayin Group (NASDAQ:JFIN) Hits New 12-Month High – Here’s What Happened

Jiayin Group Inc. (NASDAQ:JFIN)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $10.51 and last traded at $10.44, with a volume of 113193 shares changing hands. The stock had previously closed at $10.12.

Jiayin Group Price Performance

The firm has a fifty day simple moving average of $7.60 and a two-hundred day simple moving average of $6.72. The firm has a market capitalization of $560.52 million, a P/E ratio of 3.48 and a beta of 0.89.

Institutional Investors Weigh In On Jiayin Group

Several large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in Jiayin Group in the 4th quarter worth approximately $109,000. Renaissance Technologies LLC boosted its holdings 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 acquiring an additional 1,799 shares during the period. Finally, LPL Financial LLC bought a new position in shares of Jiayin Group in the fourth quarter worth $174,000. Hedge funds and other 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.