Zacks: Brokerages Set $10.70 Price Target for Yintech Investment Holdings Ltd – (YIN)

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

Brokers have set a 1 year consensus price objective of $10.70 for the company, according to Zacks. Zacks has also assigned Yintech Investment an industry rank of 49 out of 255 based on the ratings given to its competitors.

Several research analysts have recently issued reports on the stock. BidaskClub cut shares of Yintech Investment from a “hold” rating to a “sell” rating in a report on Tuesday, June 5th. TheStreet cut shares of Yintech Investment from a “c-” rating to a “d+” rating in a report on Monday. Zacks Investment Research cut shares of Yintech Investment from a “hold” rating to a “sell” rating in a report on Thursday, June 7th. Finally, ValuEngine cut shares of Yintech Investment from a “buy” rating to a “hold” rating in a report on Friday, March 23rd.

Several institutional investors have recently modified their holdings of YIN. Virtu Financial LLC purchased a new stake in Yintech Investment in the fourth quarter worth $105,000. Atria Investments LLC purchased a new stake in Yintech Investment in the first quarter worth $111,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Yintech Investment in the first quarter worth $2,104,000. Hedge funds and other institutional investors own 1.08% of the company’s stock.

Shares of NASDAQ YIN opened at $9.21 on Monday. Yintech Investment has a one year low of $8.50 and a one year high of $14.81. The company has a market cap of $647.66 million, a price-to-earnings ratio of 8.69 and a beta of -0.26.

Yintech Investment (NASDAQ:YIN) last issued its earnings results on Tuesday, March 13th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter. Yintech Investment had a return on equity of 2.41% and a net margin of 2.77%. The firm had revenue of $58.37 million during the quarter. equities research analysts predict that Yintech Investment will post -0.06 EPS for the current fiscal year.

About Yintech Investment

Yintech Investment Holdings Limited, together with its subsidiaries, provides trading and investment services for online spot commodity trading. 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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