Yintech Investment (NASDAQ:YIN) issued its quarterly earnings results on Monday. The financial services provider reported ($0.27) EPS for the quarter, Morningstar.com reports. The firm had revenue of $41.43 million for the quarter. Yintech Investment had a negative net margin of 16.08% and a negative return on equity of 4.27%. Yintech Investment updated its Q1 2019 guidance to EPS.
YIN stock traded down $0.15 during mid-day trading on Tuesday, reaching $6.55. The company had a trading volume of 211 shares, compared to its average volume of 25,994. The company has a market capitalization of $479.75 million, a P/E ratio of 6.18 and a beta of 0.20. Yintech Investment has a 12 month low of $3.97 and a 12 month high of $9.92.
Separately, BidaskClub upgraded shares of Yintech Investment from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd.
An institutional investor recently bought a new position in Yintech Investment stock. Northern Trust Corp bought a new stake in shares of Yintech Investment Holdings Ltd – (NASDAQ:YIN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,817 shares of the financial services provider’s stock, valued at approximately $175,000. 0.52% of the stock is currently owned by institutional investors.
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Yintech Investment Company Profile
Yintech Investment Holdings Limited, together with its subsidiaries, provides trading and investment services for online spot commodity trading in the People's Republic of China. The company facilitates the trading by individual customers of gold, silver, and other precious metals and commodities on three exchanges, Shanghai Gold Exchange, Tianjin Precious Metals Exchange, and Guangdong Precious Metals Exchange in China.
See Also: Ex-Dividend
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