Yintech Investment (YIN) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Yintech Investment (NASDAQ:YIN) from a strong sell rating to a hold rating in a research note released on Saturday morning.

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. “

YIN has been the subject of several other research reports. BidaskClub raised shares of Yintech Investment from a hold rating to a buy rating in a research note on Wednesday, October 18th. ValuEngine cut shares of Yintech Investment from a strong-buy rating to a buy rating in a research note on Friday.

Yintech Investment (NASDAQ:YIN) opened at $9.10 on Friday. Yintech Investment has a 1 year low of $8.53 and a 1 year high of $22.97. The firm has a market cap of $673.89, a PE ratio of 5.26, a P/E/G ratio of -1.49 and a beta of -0.58.

Yintech Investment (NASDAQ:YIN) last released 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%. research analysts forecast that Yintech Investment will post 1.19 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Visionary Asset Management Inc. purchased a new stake in shares of Yintech Investment in the 3rd quarter valued at approximately $114,000. FDx Advisors Inc. grew its stake in shares of Yintech Investment 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 period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Yintech Investment 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 period. 1.31% of the stock is owned by institutional investors.

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Yintech Investment 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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