Jiayin Group (NASDAQ:JFIN) Stock Falls 3.5% – What’s Next?

Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN) shares traded down 3.5% on Tuesday. The company traded as low as $1.38 and last traded at $1.39. 18,177 shares changed hands during trading, a decline of 69% from the average session 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.com, Jiayin Group currently has a consensus rating of “Sell”.

Jiayin Group Stock Down 5.0%

The stock has a market cap of $69.60 million, a price-to-earnings ratio of 2.08 and a beta of 0.92. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $1.97 and its two-hundred day moving average is $3.37.

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

Institutional Trading of Jiayin Group

Hedge funds have recently bought and sold shares of the company. SmartHarvest Portfolios LLC acquired a new stake in shares of Jiayin Group during the first quarter worth $46,000. Renaissance Technologies LLC increased its stake in Jiayin Group by 10.2% in the first quarter. Renaissance Technologies LLC now owns 132,300 shares of the company’s stock valued at $554,000 after purchasing an additional 12,300 shares during the last quarter. Leonteq Securities AG acquired a new position in Jiayin Group in the first quarter valued at $63,000. Dimensional Fund Advisors LP lifted its position in 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 buying an additional 38,300 shares during the period. Finally, Ramsey Quantitative Systems acquired a new stake in Jiayin Group in the 2nd quarter worth about $118,000. Institutional investors and hedge funds 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.