Zacks Investment Research upgraded shares of Yintech Investment Holdings Limited (NASDAQ:YIN) from a strong sell rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “Yintech Investment Holdings Limited is an online provider of spot commodity trading services primarily in China. The Company provides services which includes account opening, investor education, market information, research, live discussion boards and real-time customer support. It facilitates the trading by individual customers of silver, gold and other precious metals and commodities on exchanges, Shanghai Gold Exchange, Tianjin Precious Metals Exchange and Guangdong Precious Metals Exchange. Yintech Investment Holdings Limited is headquartered in Shanghai, China. “

Separately, Jefferies Group LLC reissued a buy rating and set a $26.50 price objective on shares of Yintech Investment Holdings Limited in a report on Tuesday, April 25th.

Yintech Investment Holdings Limited (NASDAQ:YIN) opened at 9.76 on Wednesday. The firm has a 50 day moving average of $10.10 and a 200-day moving average of $14.99. Yintech Investment Holdings Limited has a 12 month low of $8.53 and a 12 month high of $22.97. The firm has a market cap of $682.47 million, a P/E ratio of 3.81 and a beta of -0.93.

Yintech Investment Holdings Limited (NASDAQ:YIN) last issued its earnings results on Tuesday, May 23rd. The financial services provider reported $0.77 earnings per share for the quarter. The business had revenue of $160.34 million for the quarter. Yintech Investment Holdings Limited had a net margin of 34.09% and a return on equity of 43.70%. On average, equities research analysts forecast that Yintech Investment Holdings Limited will post $2.63 earnings per share for the current year.

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About Yintech Investment Holdings Limited

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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