Jiayin Group (NASDAQ:JFIN) Reaches New 52-Week High – Time to Buy?

Jiayin Group Inc. (NASDAQ:JFIN) shares reached a new 52-week high during mid-day trading on Saturday . The company traded as high as $12.00 and last traded at $11.82, with a volume of 330531 shares trading hands. The stock had previously closed at $9.83.

Jiayin Group Stock Performance

The business has a fifty day moving average of $8.70 and a two-hundred day moving average of $7.19. The firm has a market capitalization of $634.56 million, a price-to-earnings ratio of 3.94 and a beta of 0.78.

Hedge Funds Weigh In On Jiayin Group

Institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC acquired a new stake in shares of Jiayin Group during the 4th quarter worth about $174,000. Renaissance Technologies LLC raised its holdings in Jiayin Group by 10.3% in the 4th quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock valued at $123,000 after acquiring an additional 1,799 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Jiayin Group during the fourth quarter worth approximately $109,000. 44.08% of the stock is currently owned by institutional investors and hedge funds.

About Jiayin Group

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.