Shares of Yintech Investment Holdings Ltd – (NASDAQ:YIN) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a one year consensus price target of $10.70 for the company, according to Zacks. Zacks has also given Yintech Investment an industry rank of 161 out of 255 based on the ratings given to related companies.
Several equities research analysts recently commented on YIN shares. Zacks Investment Research cut Yintech Investment from a “hold” rating to a “sell” rating in a report on Saturday, June 30th. BidaskClub raised Yintech Investment from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. Finally, ValuEngine cut Yintech Investment from a “hold” rating to a “sell” rating in a report on Monday, June 18th.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp purchased a new position in Yintech Investment during the 2nd quarter worth approximately $175,000. BlackRock Inc. purchased a new position in Yintech Investment during the 2nd quarter worth approximately $843,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in Yintech Investment by 9.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 242,667 shares of the financial services provider’s stock worth $2,031,000 after purchasing an additional 20,525 shares in the last quarter. 0.95% of the stock is currently owned by institutional investors.
Shares of NASDAQ YIN traded up $0.14 during midday trading on Friday, hitting $5.47. 1,500 shares of the company’s stock were exchanged, compared to its average volume of 50,051. The company has a market cap of $353.46 million, a PE ratio of 5.16 and a beta of -0.18. Yintech Investment has a twelve month low of $3.97 and a twelve month high of $14.81.
Yintech Investment (NASDAQ:YIN) last issued its quarterly earnings data on Friday, August 24th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $41.32 million for the quarter. Yintech Investment had a negative return on equity of 1.31% and a negative net margin of 6.74%. As a group, equities research analysts forecast that Yintech Investment will post -0.06 earnings per share for the current year.
About Yintech Investment
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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