Yintech Investment (NASDAQ:YIN) Trading 11% Higher

Shares of Yintech Investment Holdings Ltd – (NASDAQ:YIN) traded up 11% during mid-day trading on Wednesday . The stock traded as high as $6.87 and last traded at $6.55, 111,912 shares changed hands during mid-day trading. An increase of 263% from the average session volume of 30,865 shares. The stock had previously closed at $5.90.

Several equities analysts recently issued reports on the company. BidaskClub cut Yintech Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 30th. ValuEngine raised Yintech Investment from a “hold” rating to a “buy” rating in a research report on Monday, October 21st.

The firm has a market capitalization of $432.15 million, a P/E ratio of -4.62 and a beta of 0.44. The firm has a 50-day moving average of $5.85 and a 200-day moving average of $5.15.

Yintech Investment (NASDAQ:YIN) last released its quarterly earnings data on Monday, December 2nd. The financial services provider reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $71.46 million during the quarter.

An institutional investor recently raised its position in Yintech Investment stock. BlackRock Inc. raised its stake in shares of Yintech Investment Holdings Ltd – (NASDAQ:YIN) by 13.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 319,553 shares of the financial services provider’s stock after buying an additional 36,727 shares during the period. BlackRock Inc. owned about 0.45% of Yintech Investment worth $1,501,000 as of its most recent SEC filing. 0.81% of the stock is currently owned by institutional investors.

Yintech Investment Company Profile (NASDAQ:YIN)

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.

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