Jiayin Group (NASDAQ:JFIN) Stock Price Down 2.1% – Time to Sell?

Jiayin Group Inc. (NASDAQ:JFIN)’s stock price was down 2.1% on Tuesday . The company traded as low as $6.40 and last traded at $6.40. Approximately 59,180 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 76,304 shares. The stock had previously closed at $6.54.

Jiayin Group Trading Down 2.1 %

The company has a market capitalization of $343.58 million, a P/E ratio of 2.13 and a beta of 0.88. The company’s 50 day moving average is $6.75 and its 200-day moving average is $6.22.

Institutional Trading of Jiayin Group

A hedge fund recently bought a new stake in Jiayin Group stock. Ariadne Wealth Management LP acquired a new stake in shares of Jiayin Group Inc. (NASDAQ:JFIN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,023 shares of the company’s stock, valued at approximately $31,000. 44.08% of the stock is currently 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.