Zacks: Yintech Investment Holdings Ltd – (YIN) Given Consensus Recommendation of “Strong Buy” by Brokerages
Yintech Investment Holdings Ltd – (NASDAQ:YIN) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price target of $10.70 for the company, according to Zacks. Zacks has also assigned Yintech Investment an industry rank of 55 out of 255 based on the ratings given to related companies.
Separately, BidaskClub lowered shares of Yintech Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th.
Yintech Investment (NASDAQ:YIN) last issued its earnings results on Monday, March 18th. The financial services provider reported ($0.27) EPS for the quarter. Yintech Investment had a negative return on equity of 6.92% and a negative net margin of 78.02%. The firm had revenue of $41.43 million for the quarter.
A hedge fund recently bought a new stake in Yintech Investment stock. Northern Trust Corp acquired a new stake 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 & Exchange Commission. The institutional investor acquired 20,817 shares of the financial services provider’s stock, valued at approximately $175,000. Hedge funds and other institutional investors own 0.52% of the company’s stock.
About Yintech Investment
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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