Yintech Investment (YIN) Rating Lowered to Strong Sell at BidaskClub

Yintech Investment (NASDAQ:YIN) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.

YIN has been the topic of a number of other research reports. Zacks Investment Research cut shares of Yintech Investment from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. ValuEngine cut shares of Yintech Investment from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 31st.

Shares of Yintech Investment (NASDAQ:YIN) opened at $8.99 on Friday. The firm has a market cap of $631.82, a P/E ratio of 4.95, a P/E/G ratio of -1.40 and a beta of -1.15. Yintech Investment has a 1-year low of $8.53 and a 1-year high of $22.97.

Yintech Investment (NASDAQ:YIN) last released its quarterly earnings data 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 predict that Yintech Investment will post 1.19 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. FDx Advisors Inc. increased its holdings 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 acquiring an additional 8,610 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings 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 acquiring an additional 140,329 shares during the period. Visionary Asset Management Inc. acquired a new position in shares of Yintech Investment in the 3rd quarter valued at $114,000. Finally, Globeflex Capital L P acquired a new position in shares of Yintech Investment in the 2nd quarter valued at $176,000. 1.31% of the stock is currently 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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