Jiayin Group (NASDAQ:JFIN) Stock Falls 6% – Here’s What Happened

Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN) shares dropped 6% during trading on Tuesday. The company traded as low as $1.25 and last traded at $1.2550. Approximately 25,571 shares were traded during mid-day trading, a decline of 29% from the average session volume of 36,116 shares. The stock had previously closed at $1.3350.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Jiayin Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Jiayin Group Trading Down 3.0%

The company has a 50 day simple moving average of $1.64 and a 200 day simple moving average of $2.94. 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 stock has a market capitalization of $66.98 million, a PE ratio of 2.00 and a beta of 0.90.

Jiayin Group (NASDAQ:JFIN) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.52) earnings per share for the quarter. The company 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 Investors Weigh In On Jiayin Group

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

About Jiayin Group

Jiayin Group Inc (NASDAQ: JFIN) is a China-based fintech company that operates an online consumer finance platform. The company uses technology and data analytics to connect individual borrowers seeking personal loans with financial institutions and other funding partners.

Its platform supports the consumer lending process through services that may include borrower acquisition, credit assessment, risk management, loan facilitation and post-loan servicing. Jiayin focuses primarily on serving China’s retail consumer finance market, including borrowers who may have limited access to traditional banking services.

Founded in 2011, Jiayin Group has evolved alongside China’s online lending industry and became a publicly traded company on the Nasdaq in 2019.