Yintech Investment Holdings Ltd – (YIN) Given Consensus Rating of “Strong Buy” by Brokerages

Yintech Investment Holdings Ltd – (NASDAQ:YIN) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus target price of $10.70 for the company, according to Zacks. Zacks has also given Yintech Investment an industry rank of 70 out of 255 based on the ratings given to its competitors.

YIN has been the subject of a number of recent research reports. ValuEngine downgraded Yintech Investment from a “hold” rating to a “sell” rating in a research report on Monday, June 18th. Zacks Investment Research downgraded Yintech Investment from a “hold” rating to a “sell” rating in a research report on Thursday, June 7th. BidaskClub downgraded Yintech Investment from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Finally, TheStreet downgraded Yintech Investment from a “c-” rating to a “d+” rating in a research report on Monday, June 11th.

YIN stock opened at $5.26 on Thursday. The firm has a market cap of $421.19 million, a PE ratio of 4.96 and a beta of -0.44. Yintech Investment has a twelve month low of $5.25 and a twelve month high of $14.81.

Yintech Investment (NASDAQ:YIN) last released its earnings results on Friday, August 24th. The financial services provider reported ($0.08) earnings per share for the quarter. The firm 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%. research analysts forecast that Yintech Investment will post -0.06 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Yintech Investment in the second quarter valued at about $843,000. Cambridge Investment Research Advisors Inc. increased its holdings in Yintech Investment by 9.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 242,667 shares of the financial services provider’s stock valued at $2,031,000 after purchasing an additional 20,525 shares during the last quarter. Finally, Northern Trust Corp bought a new stake in Yintech Investment in the second quarter valued at about $175,000. Institutional investors own 0.95% 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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