Jiayin Group (NASDAQ:JFIN) Stock Price Down 3.5% – Here’s Why

Shares of Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN) traded down 3.5% on Tuesday. The stock traded as low as $1.38 and last traded at $1.39. Approximately 18,177 shares traded hands during trading, a decline of 69% from the average daily volume of 58,942 shares. The stock had previously closed at $1.44.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Jiayin Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Jiayin Group Stock Down 3.5%

The company has a fifty day simple moving average of $1.99 and a 200 day simple moving average of $3.40. The firm has a market capitalization of $72.74 million, a P/E ratio of 2.17 and a beta of 0.92. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.11.

Jiayin Group (NASDAQ:JFIN) last posted its earnings results on Friday, August 14th. The company reported ($0.52) earnings per share (EPS) for the quarter. Jiayin Group had a net margin of 5.39% and a return on equity of 5.02%. The company had revenue of $108.46 million for the quarter.

Institutional Investors Weigh In On Jiayin Group

Hedge funds have recently bought and sold shares of the business. Ramsey Quantitative Systems bought a new stake in shares of Jiayin Group during the 2nd quarter worth approximately $118,000. Militia Capital Management LLC purchased a new position in Jiayin Group during the 1st quarter worth $215,000. Renaissance Technologies LLC raised its holdings in shares of Jiayin Group by 10.2% in the first quarter. Renaissance Technologies LLC now owns 132,300 shares of the company’s stock worth $554,000 after buying an additional 12,300 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Jiayin Group by 44.4% during the first quarter. Dimensional Fund Advisors LP now owns 124,580 shares of the company’s stock worth $524,000 after purchasing an additional 38,300 shares during the period. Finally, Leonteq Securities AG acquired a new position in Jiayin Group during the first quarter valued at $63,000. Hedge funds and other institutional investors own 44.08% of the company’s stock.

Jiayin Group Company Profile

Jiayin Group Inc operates an online consumer finance platform in China. The company uses technology and data-driven risk management tools to connect individual borrowers with funding sources, primarily through digital lending services.

Its platform is designed to support the origination, underwriting, servicing and repayment of personal loans. Jiayin focuses on serving consumers who may have limited access to traditional financial services, providing online application and loan-management capabilities through its technology platform.

Founded in 2011 and headquartered in Shanghai, Jiayin Group serves customers in the Chinese market.