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

Yintech Investment Holdings Ltd – (NASDAQ:YIN) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus price target of $13.50 for the company, according to Zacks. Zacks has also assigned Yintech Investment an industry rank of 22 out of 265 based on the ratings given to related companies.

YIN has been the topic of several recent analyst reports. BidaskClub raised Yintech Investment from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Zacks Investment Research cut Yintech Investment from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, ValuEngine cut Yintech Investment from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 31st.

Shares of Yintech Investment (YIN) opened at $9.27 on Wednesday. Yintech Investment has a twelve month low of $8.53 and a twelve month high of $22.97. The company has a market capitalization of $656.34 and a P/E ratio of 5.12.

Institutional investors have recently bought and sold shares of the business. Visionary Asset Management Inc. acquired a new position in Yintech Investment in the third quarter worth approximately $114,000. Globeflex Capital L P acquired a new position in Yintech Investment in the second quarter worth approximately $176,000. FDx Advisors Inc. grew its position in Yintech Investment by 56.7% in the third quarter. FDx Advisors Inc. now owns 23,808 shares of the financial services provider’s stock worth $263,000 after buying an additional 8,610 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Yintech Investment by 69.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 342,694 shares of the financial services provider’s stock worth $3,427,000 after buying an additional 140,329 shares during the last quarter. Hedge funds and other institutional investors own 1.31% of the company’s stock.

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About Yintech Investment

Yintech Investment Holdings Limited is an online provider of spot commodity trading services in China. The Company facilitates the trading by individual customers of silver, gold, and other precious metals and commodities on the Shanghai Gold Exchange, the Tianjin Precious Metals Exchange and the Guangdong Precious Metals Exchange.

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