Yintech Investment (NASDAQ:YIN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

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. “

Several other equities analysts have also recently weighed in on the company. Jefferies Group reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Yintech Investment in a report on Thursday, August 31st. BidaskClub lowered Yintech Investment from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd.

Shares of Yintech Investment (NASDAQ:YIN) traded up $0.34 during midday trading on Thursday, reaching $9.68. The company’s stock had a trading volume of 141,554 shares, compared to its average volume of 125,678. The firm has a market cap of $599.56, a PE ratio of 4.70, a PEG ratio of -1.38 and a beta of -1.18. Yintech Investment has a 52-week low of $8.53 and a 52-week high of $22.97.

Several institutional investors and hedge funds have recently modified their holdings of the company. FDx Advisors Inc. increased 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 purchasing an additional 8,610 shares during the last quarter. Visionary Asset Management Inc. bought a new position in shares of Yintech Investment in the 3rd quarter valued at $114,000. Globeflex Capital L P bought a new position in shares of Yintech Investment in the 2nd quarter valued at $176,000. Finally, Arrowstreet Capital Limited Partnership increased 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 purchasing an additional 140,329 shares during the last quarter. Institutional investors own 1.33% of the company’s stock.

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About Yintech Investment

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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