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

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

Brokers have set a one year consensus price objective of $10.70 for the company, according to Zacks. Zacks has also assigned Yintech Investment an industry rank of 183 out of 255 based on the ratings given to related companies.

Separately, BidaskClub cut Yintech Investment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 10th.

Yintech Investment stock traded up $0.05 during midday trading on Wednesday, reaching $6.06. The stock had a trading volume of 10,654 shares, compared to its average volume of 21,775. Yintech Investment has a 12 month low of $3.97 and a 12 month high of $9.92. The stock has a market capitalization of $427.53 million, a P/E ratio of -12.89 and a beta of 0.19.

Yintech Investment (NASDAQ:YIN) last posted its quarterly earnings results on Monday, March 18th. The financial services provider reported ($0.27) EPS for the quarter. Yintech Investment had a negative net margin of 78.02% and a negative return on equity of 6.92%. The company had revenue of $41.43 million during the quarter.

An institutional investor recently bought a new position in Yintech Investment stock. Northern Trust Corp purchased a new position in shares of Yintech Investment Holdings Ltd – (NASDAQ:YIN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,817 shares of the financial services provider’s stock, valued at approximately $175,000. 0.52% of the stock is currently owned by institutional investors and hedge funds.

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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