Yintech Investment (NASDAQ:YIN) Posts Earnings Results

Yintech Investment (NASDAQ:YIN) posted its earnings results on Friday. The financial services provider reported ($0.10) EPS for the quarter, Morningstar.com reports. The firm had revenue of $42.11 million during the quarter. Yintech Investment had a negative return on equity of 3.80% and a negative net margin of 58.14%. Yintech Investment updated its Q3 2019 guidance to EPS.

Shares of YIN traded up $0.51 during mid-day trading on Friday, reaching $5.53. 20,317 shares of the company’s stock traded hands, compared to its average volume of 30,767. The stock’s 50-day moving average is $4.87 and its two-hundred day moving average is $5.44. Yintech Investment has a 12 month low of $3.66 and a 12 month high of $7.57.

Separately, BidaskClub raised Yintech Investment from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th.

A hedge fund recently raised its stake in Yintech Investment stock. BlackRock Inc. increased its position in Yintech Investment Holdings Ltd – (NASDAQ:YIN) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,338 shares of the financial services provider’s stock after purchasing an additional 10,805 shares during the quarter. BlackRock Inc. owned approximately 0.16% of Yintech Investment worth $686,000 as of its most recent SEC filing. 0.83% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History for Yintech Investment (NASDAQ:YIN)

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