Yintech Investment (NASDAQ:YIN) Stock Rating Upgraded by ValuEngine

Yintech Investment (NASDAQ:YIN) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday, ValuEngine reports.

Separately, BidaskClub lowered Yintech Investment from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th.

Shares of NASDAQ:YIN opened at $4.51 on Monday. Yintech Investment has a 1 year low of $3.66 and a 1 year high of $7.50. The business has a 50 day simple moving average of $4.95 and a two-hundred day simple moving average of $5.02.

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 business had revenue of $42.11 million for the quarter. Yintech Investment had a negative net margin of 58.11% and a negative return on equity of 4.44%.

An institutional investor recently raised its position in Yintech Investment stock. BlackRock Inc. lifted its position in Yintech Investment Holdings Ltd – (NASDAQ:YIN) by 13.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 319,553 shares of the financial services provider’s stock after acquiring an additional 36,727 shares during the period. BlackRock Inc. owned 0.45% of Yintech Investment worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.76% 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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