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.
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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