Yintech Investment Holdings Limited (NASDAQ:YIN) Upgraded to Buy by BidaskClub

BidaskClub upgraded shares of Yintech Investment Holdings Limited (NASDAQ:YIN) from a hold rating to a buy rating in a research note published on Wednesday, October 18th.

YIN has been the topic of a number of other research reports. Zacks Investment Research raised shares of Yintech Investment Holdings Limited from a strong sell rating to a hold rating in a research report on Wednesday, July 26th. Jefferies Group LLC reaffirmed a buy rating and issued a $15.00 target price on shares of Yintech Investment Holdings Limited in a research report on Thursday, August 31st.

Shares of Yintech Investment Holdings Limited (YIN) traded down $0.19 on Wednesday, hitting $12.76. 187,904 shares of the company were exchanged, compared to its average volume of 199,925. Yintech Investment Holdings Limited has a 12-month low of $8.53 and a 12-month high of $22.97. The stock has a market capitalization of $888.33 and a price-to-earnings ratio of 5.83.

Yintech Investment Holdings Limited (NASDAQ:YIN) last announced its quarterly earnings data on Tuesday, August 29th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. Yintech Investment Holdings Limited had a net margin of 30.09% and a return on equity of 33.52%. The firm had revenue of $84.10 million during the quarter. sell-side analysts expect that Yintech Investment Holdings Limited will post 1.43 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in Yintech Investment Holdings Limited 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 in the last quarter. Globeflex Capital L P acquired a new stake in Yintech Investment Holdings Limited in the second quarter valued at approximately $176,000. Finally, FDx Advisors Inc. raised its holdings in Yintech Investment Holdings Limited by 56.7% in the third quarter. FDx Advisors Inc. now owns 23,808 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 8,610 shares in the last quarter. 1.63% 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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