Shares of Yintech Investment Holdings Limited (NASDAQ:YIN) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus target price of $15.00 for the company, according to Zacks. Zacks has also assigned Yintech Investment Holdings Limited an industry rank of 82 out of 265 based on the ratings given to its competitors.
YIN has been the subject of a number of research analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Yintech Investment Holdings Limited in a research report on Thursday, August 31st. Zacks Investment Research downgraded shares of Yintech Investment Holdings Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. Finally, BidaskClub upgraded shares of Yintech Investment Holdings Limited from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th.
Shares of Yintech Investment Holdings Limited (YIN) traded down $1.50 during trading hours on Monday, hitting $11.43. 357,300 shares of the company traded hands, compared to its average volume of 126,230. Yintech Investment Holdings Limited has a fifty-two week low of $8.53 and a fifty-two week high of $22.97. The stock has a market cap of $906.70, a P/E ratio of 5.82, a PEG ratio of -1.74 and a beta of -0.47.
Yintech Investment Holdings Limited (NASDAQ:YIN) last released its earnings results on Tuesday, August 29th. The financial services provider reported $0.19 earnings per share (EPS) 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. research analysts predict that Yintech Investment Holdings Limited will post 1.43 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. FDx Advisors Inc. grew its stake in Yintech Investment Holdings Limited by 56.7% in the 3rd quarter. FDx Advisors Inc. now owns 23,808 shares of the financial services provider’s stock valued at $263,000 after buying an additional 8,610 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Yintech Investment Holdings Limited by 69.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 342,694 shares of the financial services provider’s stock valued at $3,427,000 after buying an additional 140,329 shares during the last quarter. Finally, Globeflex Capital L P acquired a new position in Yintech Investment Holdings Limited in the 2nd quarter valued at $176,000. Institutional investors and hedge funds own 1.63% of the company’s stock.
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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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