Jiayin Group (NASDAQ:JFIN) Shares Gap Down – Should You Sell?

Shares of Jiayin Group Inc. (NASDAQ:JFIN) gapped down before the market opened on Friday . The stock had previously closed at $14.27, but opened at $12.00. Jiayin Group shares last traded at $12.56, with a volume of 116,222 shares.

Jiayin Group Trading Down 18.3 %

The stock has a 50 day moving average of $10.42 and a 200-day moving average of $8.01. The stock has a market capitalization of $625.97 million, a P/E ratio of 3.89 and a beta of 0.62.

Jiayin Group (NASDAQ:JFIN) last issued its earnings results on Thursday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $192.42 million during the quarter. Jiayin Group had a net margin of 19.17% and a return on equity of 43.90%.

Hedge Funds Weigh In On Jiayin Group

A number of institutional investors have recently modified their holdings of JFIN. LPL Financial LLC bought a new position in Jiayin Group in the fourth quarter worth approximately $174,000. XTX Topco Ltd purchased a new stake in shares of Jiayin Group in the 4th quarter worth $109,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Jiayin Group by 10.3% in the 4th quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock worth $123,000 after buying an additional 1,799 shares during the period. 44.08% of the stock is owned by hedge funds and other 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.