BidaskClub Downgrades Yintech Investment (NASDAQ:YIN) to Strong Sell

Yintech Investment (NASDAQ:YIN) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Saturday, January 20th.

A number of other research analysts have also weighed in on YIN. ValuEngine lowered shares of Yintech Investment from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered shares of Yintech Investment from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th.

Yintech Investment (NASDAQ:YIN) opened at $9.19 on Friday. The stock has a market cap of $643.04, a price-to-earnings ratio of 5.31, a P/E/G ratio of -1.42 and a beta of -0.58. Yintech Investment has a 12 month low of $8.51 and a 12 month high of $22.97.

Yintech Investment (NASDAQ:YIN) last issued its earnings results on Wednesday, November 29th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter. Yintech Investment had a net margin of 27.84% and a return on equity of 26.59%. equities analysts anticipate that Yintech Investment will post 1.19 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FDx Advisors Inc. increased its holdings in Yintech Investment by 56.7% during the third quarter. FDx Advisors Inc. now owns 23,808 shares of the financial services provider’s stock worth $263,000 after buying an additional 8,610 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Yintech Investment by 69.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 342,694 shares of the financial services provider’s stock worth $3,427,000 after buying an additional 140,329 shares during the last quarter. Visionary Asset Management Inc. purchased a new stake in Yintech Investment during the third quarter worth about $114,000. Globeflex Capital L P purchased a new stake in Yintech Investment during the second quarter worth about $176,000. Finally, Virtu Financial LLC purchased a new stake in Yintech Investment during the fourth quarter worth about $105,000. 1.31% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “BidaskClub Downgrades Yintech Investment (NASDAQ:YIN) to Strong Sell” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/02/13/yintech-investment-yin-downgraded-to-strong-sell-at-bidaskclub.html.

About Yintech Investment

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.

Receive News & Ratings for Yintech Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yintech Investment and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply