Yintech Investment (NASDAQ:YIN) Cut to “Buy” at ValuEngine

Yintech Investment (NASDAQ:YIN) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Friday, February 2nd.

Several other research firms have also recently weighed in on YIN. BidaskClub raised shares of Yintech Investment from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research downgraded Yintech Investment from a “hold” rating to a “sell” rating in a 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 PE ratio of 5.04, a price-to-earnings-growth ratio of -1.42 and a beta of -0.58. Yintech Investment has a 52-week low of $8.51 and a 52-week high of $22.97.

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

A number of hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its position in Yintech Investment by 69.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 342,694 shares of the financial services provider’s stock valued at $3,427,000 after acquiring an additional 140,329 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Yintech Investment during the fourth quarter worth about $105,000. Visionary Asset Management Inc. bought a new stake in shares of Yintech Investment during the third quarter worth about $114,000. Finally, FDx Advisors Inc. grew its holdings in shares of 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 purchasing an additional 8,610 shares during the last quarter. 1.31% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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