Jiayin Group (NASDAQ:JFIN) Shares Gap Up – Should You Buy?

Jiayin Group Inc. (NASDAQ:JFIN)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $9.28, but opened at $9.50. Jiayin Group shares last traded at $9.63, with a volume of 67,817 shares traded.

Jiayin Group Stock Up 8.1 %

The business has a 50-day moving average price of $7.16 and a two-hundred day moving average price of $6.53. The company has a market capitalization of $538.78 million, a price-to-earnings ratio of 3.33 and a beta of 0.89.

Institutional Investors Weigh In On Jiayin Group

A hedge fund recently bought a new stake in Jiayin Group stock. LPL Financial LLC purchased a new position in shares of Jiayin Group Inc. (NASDAQ:JFIN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,284 shares of the company’s stock, valued at approximately $174,000. LPL Financial LLC owned approximately 0.05% of Jiayin Group at the end of the most recent quarter. Institutional investors and hedge funds own 44.08% of the company’s stock.

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.