Jiayin Group (NASDAQ:JFIN) Stock Price Down 6.6% – Time to Sell?

Jiayin Group Inc. (NASDAQ:JFIN)’s share price traded down 6.6% during mid-day trading on Friday . The stock traded as low as $11.20 and last traded at $11.23. 137,714 shares traded hands during trading, a decline of 4% from the average session volume of 144,094 shares. The stock had previously closed at $12.02.

Jiayin Group Trading Down 5.3 %

The stock’s 50-day moving average price is $9.18 and its 200-day moving average price is $7.40. The stock has a market cap of $610.94 million, a price-to-earnings ratio of 3.79 and a beta of 0.78.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. LPL Financial LLC acquired a new stake in Jiayin Group during the fourth quarter worth approximately $174,000. XTX Topco Ltd bought a new position in shares of Jiayin Group during the 4th quarter worth approximately $109,000. Finally, Renaissance Technologies LLC grew its position 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 buying an additional 1,799 shares during the period. 44.08% of the stock is owned by institutional investors.

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.