Stock News Summary: Jiayin Group Inc – ADR (NASDAQ:JFIN)

On 05 Oct 2019, Jiayin Group Inc – ADR (NASDAQ: JFIN) started its trading session with the price $11.41 and closed at price of $11.79 by scoring 1.77%. Day range of the stock was $11.41 – $12.1. JFIN stock traded with total volume of 12811 shares while the average trading capacity remained 153988 shares.  Earnings per share was $1.6. JFIN has total market capitalization of $636679923.

Jiayin Group Inc (JFIN), a leading online individual finance marketplace in China, posted its net income of RMB168.6M in the second quarter, maintaining a continuous profitability partly Because of research and development ability in spite of challenges and uncertainties from market environment, according to its financial results for Q2 stated on Wednesday.

Q2 witnessed the continuous growth in R&D ability

According to Jiayin’s financial results for Q2, its research and development expense was RMB50.5M (US$7.4M), representing a raise of 33.9% from the same period of 2018, as the Company continued to refine and advance the technology to improve the credit assessment.

This is continuous growth following a raise of 41.2% in its first quarter, as the Company continued to invest in the development of new products and services.

Analyst recommendation for this stock stands at 2. The volatility in the previous week has experienced by 16.58% and observed of 14.70% in the previous month. 0.10% ownership is held by institutional investors. The P/E ratio was recorded at 8.41.

 

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