Jiayin Group (NASDAQ:JFIN) Reaches New 12-Month High – Still a Buy?

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

Jiayin Group Trading Down 4.1 %

The stock has a market capitalization of $533.63 million, a P/E ratio of 3.31 and a beta of 0.89. The business has a fifty day simple moving average of $7.75 and a 200 day simple moving average of $6.78.

Institutional Investors Weigh In On Jiayin Group

Institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in shares of Jiayin Group in the fourth quarter valued at about $109,000. Renaissance Technologies LLC grew its position in Jiayin Group by 10.3% in 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 in the last quarter. Finally, LPL Financial LLC purchased a new stake in Jiayin Group in the 4th quarter valued at about $174,000. 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.