BidaskClub cut shares of Yintech Investment (NASDAQ:YIN) from a hold rating to a sell rating in a research note issued to investors on Thursday.

A number of other analysts have also issued reports on the company. Zacks Investment Research raised Yintech Investment from a strong sell rating to a hold rating in a research report on Saturday, February 3rd. ValuEngine lowered Yintech Investment from a strong-buy rating to a buy rating in a research report on Friday, February 2nd.

Shares of Yintech Investment (NASDAQ:YIN) opened at $9.43 on Thursday. The stock has a market capitalization of $661.27, a P/E ratio of 5.18, a price-to-earnings-growth ratio of -1.46 and a beta of -0.07. Yintech Investment has a 12-month low of $8.51 and a 12-month high of $22.97.

Several institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of Yintech Investment during the fourth quarter worth $105,000. Visionary Asset Management Inc. acquired a new position in shares of Yintech Investment during the third quarter worth $114,000. Finally, FDx Advisors Inc. grew its stake in shares of Yintech Investment by 56.7% during the third quarter. FDx Advisors Inc. now owns 23,808 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 8,610 shares in the last quarter. 0.83% of the stock is currently owned by institutional investors and hedge funds.

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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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