Yintech Investment Holdings Limited (YIN) Upgraded at BidaskClub

BidaskClub upgraded shares of Yintech Investment Holdings Limited (NASDAQ:YIN) from a hold rating to a buy rating in a research note released on Wednesday, October 18th.

YIN has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Yintech Investment Holdings Limited from a hold rating to a sell rating in a report on Tuesday, September 5th. Jefferies Group LLC reiterated a buy rating and set a $15.00 price objective on shares of Yintech Investment Holdings Limited in a report on Thursday, August 31st.

Shares of Yintech Investment Holdings Limited (NASDAQ YIN) traded down 1.22% during midday trading on Wednesday, hitting $12.97. The company had a trading volume of 192,716 shares. The company has a market capitalization of $909.50 million, a price-to-earnings ratio of 5.73 and a beta of -0.74. The company’s 50-day moving average price is $11.47 and its 200 day moving average price is $11.51. Yintech Investment Holdings Limited has a 12-month low of $8.53 and a 12-month high of $22.97.

Yintech Investment Holdings Limited (NASDAQ:YIN) last announced its quarterly earnings data on Tuesday, August 29th. The financial services provider reported $0.19 earnings per share for the quarter. Yintech Investment Holdings Limited had a net margin of 30.09% and a return on equity of 33.52%. The company had revenue of $84.10 million during the quarter. Equities research analysts predict that Yintech Investment Holdings Limited will post $1.65 earnings per share for the current fiscal year.

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An institutional investor recently bought a new position in Yintech Investment Holdings Limited stock. Globeflex Capital L P acquired a new position in Yintech Investment Holdings Limited (NASDAQ:YIN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,600 shares of the financial services provider’s stock, valued at approximately $176,000. 1.63% of the stock is owned by institutional investors.

Yintech Investment Holdings Limited Company Profile

Yintech Investment Holdings Limited is an online provider of spot commodity trading services in China. The Company facilitates the trading by individual customers of silver, gold, and other precious metals and commodities on the Shanghai Gold Exchange, the Tianjin Precious Metals Exchange and the Guangdong Precious Metals Exchange.

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