Yintech Investment (NASDAQ:YIN) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Yintech Investment from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. ValuEngine upgraded shares of Yintech Investment from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd.
Shares of YIN traded up $0.10 during trading hours on Friday, reaching $7.00. 23,259 shares of the stock traded hands, compared to its average volume of 43,811. Yintech Investment has a 52-week low of $3.97 and a 52-week high of $12.10. The stock has a market cap of $486.80 million, a price-to-earnings ratio of 6.60 and a beta of -0.95.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its holdings in Yintech Investment by 9.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 242,667 shares of the financial services provider’s stock valued at $2,031,000 after acquiring an additional 20,525 shares during the last quarter. BlackRock Inc. bought a new stake in Yintech Investment in the 2nd quarter valued at $843,000. Finally, Northern Trust Corp bought a new stake in Yintech Investment in the 2nd quarter valued at $175,000. Institutional investors own 0.89% of the company’s stock.
Yintech Investment Company Profile
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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