Yintech Investment Holdings Limited (YIN) Raised to “Hold” at Zacks Investment Research

Yintech Investment Holdings Limited (NASDAQ:YIN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday, July 26th.

According to Zacks, “Yintech Investment Holdings Limited is an online provider of spot commodity trading services primarily in China. The Company provides services which includes account opening, investor education, market information, research, live discussion boards and real-time customer support. It facilitates the trading by individual customers of silver, gold and other precious metals and commodities on exchanges, Shanghai Gold Exchange, Tianjin Precious Metals Exchange and Guangdong Precious Metals Exchange. Yintech Investment Holdings Limited is headquartered in Shanghai, China. “

Separately, Jefferies Group LLC reaffirmed a “buy” rating and set a $26.50 target price on shares of Yintech Investment Holdings Limited in a research note on Tuesday, April 25th.

Yintech Investment Holdings Limited (NASDAQ:YIN) traded up 0.71% during trading on Wednesday, hitting $9.91. The stock had a trading volume of 45,263 shares. Yintech Investment Holdings Limited has a 52 week low of $8.53 and a 52 week high of $22.97. The company has a 50-day moving average of $10.00 and a 200 day moving average of $14.49. The company has a market cap of $692.96 million, a price-to-earnings ratio of 3.84 and a beta of -0.94.

Yintech Investment Holdings Limited (NASDAQ:YIN) last released its earnings results on Tuesday, May 23rd. The financial services provider reported $0.77 EPS for the quarter. Yintech Investment Holdings Limited had a return on equity of 43.70% and a net margin of 34.09%. The business had revenue of $160.34 million during the quarter. On average, equities research analysts anticipate that Yintech Investment Holdings Limited will post $2.63 EPS for the current year.

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A hedge fund recently bought a new stake in Yintech Investment Holdings Limited stock. Globeflex Capital L P bought a new position in shares of Yintech Investment Holdings Limited (NASDAQ:YIN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,600 shares of the financial services provider’s stock, valued at approximately $176,000. 0.98% of the stock is currently owned by institutional investors and hedge funds.

About Yintech Investment Holdings Limited

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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