Jiayin Group (NASDAQ:JFIN) Stock Price Up 1.2% – Time to Buy?

Jiayin Group Inc. (NASDAQ:JFIN) shares rose 1.2% during mid-day trading on Monday . The stock traded as high as $7.47 and last traded at $7.30. Approximately 44,986 shares were traded during trading, a decline of 70% from the average daily volume of 147,904 shares. The stock had previously closed at $7.21.

Jiayin Group Stock Up 1.2 %

The firm has a fifty day moving average of $6.56 and a 200-day moving average of $6.27. The firm has a market cap of $391.94 million, a P/E ratio of 2.43 and a beta of 0.91.

Institutional Investors Weigh In On Jiayin Group

An institutional investor recently bought a new position in Jiayin Group stock. Ariadne Wealth Management LP purchased a new stake in Jiayin Group Inc. (NASDAQ:JFIN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,023 shares of the company’s stock, valued at approximately $31,000. 44.08% of the stock is currently 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.