FinVolution Group (NYSE:FINV) Shares Down 4.5% – Should You Sell?

FinVolution Group (NYSE:FINV)’s share price dropped 4.5% during mid-day trading on Tuesday . The company traded as low as $5.88 and last traded at $5.89. Approximately 148,713 shares were traded during trading, a decline of 79% from the average daily volume of 724,440 shares. The stock had previously closed at $6.17.

FinVolution Group Stock Down 6.0 %

The firm has a market capitalization of $1.54 billion, a P/E ratio of 5.30 and a beta of 0.45. The company’s 50 day moving average is $5.67 and its 200-day moving average is $5.20.

FinVolution Group (NYSE:FINV) last issued its earnings results on Tuesday, August 20th. The company reported $0.30 EPS for the quarter. FinVolution Group had a return on equity of 16.57% and a net margin of 17.00%. The company had revenue of $435.93 million during the quarter.

Institutional Investors Weigh In On FinVolution Group

Hedge funds and other institutional investors have recently modified their holdings of the company. SYM FINANCIAL Corp acquired a new stake in FinVolution Group in the 2nd quarter valued at $54,000. Vicus Capital bought a new stake in shares of FinVolution Group during the first quarter worth about $63,000. SVB Wealth LLC acquired a new stake in shares of FinVolution Group in the 1st quarter worth about $80,000. Ballentine Partners LLC lifted its position in FinVolution Group by 62.7% in the 1st quarter. Ballentine Partners LLC now owns 18,481 shares of the company’s stock valued at $93,000 after acquiring an additional 7,123 shares in the last quarter. Finally, D Orazio & Associates Inc. lifted its position in FinVolution Group by 23.7% in the 1st quarter. D Orazio & Associates Inc. now owns 22,318 shares of the company’s stock valued at $112,000 after acquiring an additional 4,276 shares in the last quarter. Institutional investors own 31.15% of the company’s stock.

About FinVolution Group

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.