Yintech Investment (NASDAQ:YIN) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of Yintech Investment (NASDAQ:YIN) from a sell rating to a hold rating in a research report sent to investors on Wednesday, BidAskClub reports.

Separately, ValuEngine raised Yintech Investment from a hold rating to a buy rating in a research report on Monday, October 21st.

Shares of Yintech Investment stock traded up $0.20 on Wednesday, reaching $4.72. 1,800 shares of the company were exchanged, compared to its average volume of 30,797. The stock has a fifty day moving average price of $4.56 and a 200-day moving average price of $4.79. Yintech Investment has a fifty-two week low of $3.66 and a fifty-two week high of $7.50.

Yintech Investment (NASDAQ:YIN) last announced its earnings results on Friday, August 30th. The financial services provider reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $42.11 million for the quarter. Yintech Investment had a negative return on equity of 4.44% and a negative net margin of 58.11%.

An institutional investor recently raised its position in Yintech Investment stock. BlackRock Inc. lifted its stake in shares of Yintech Investment Holdings Ltd – (NASDAQ:YIN) by 13.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 319,553 shares of the financial services provider’s stock after purchasing an additional 36,727 shares during the period. BlackRock Inc. owned approximately 0.45% of Yintech Investment worth $1,501,000 at the end of the most recent quarter. Institutional investors own 0.81% 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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