FinVolution Group (NYSE:FINV) Announces Earnings Results

FinVolution Group (NYSE:FINV) posted its quarterly earnings data on Monday. The company reported $0.38 earnings per share for the quarter, Zacks reports. FinVolution Group had a net margin of 17.36% and a return on equity of 16.66%.

FinVolution Group Stock Up 5.2 %

Shares of NYSE:FINV traded up $0.46 during midday trading on Monday, hitting $9.17. The stock had a trading volume of 2,277,094 shares, compared to its average volume of 690,041. The company’s 50-day moving average price is $7.81 and its 200-day moving average price is $6.77. FinVolution Group has a fifty-two week low of $4.45 and a fifty-two week high of $10.40. The company has a market capitalization of $2.43 billion, a P/E ratio of 7.90 and a beta of 0.47.

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.