Zacks: Yintech Investment Holdings Ltd – (YIN) Receives Consensus Recommendation of “Strong Buy” from Brokerages
Shares of Yintech Investment Holdings Ltd – (NASDAQ:YIN) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price objective of $10.70 for the company, according to Zacks. Zacks has also given Yintech Investment an industry rank of 70 out of 255 based on the ratings given to its competitors.
Several research firms have recently commented on YIN. BidaskClub lowered shares of Yintech Investment from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Zacks Investment Research raised shares of Yintech Investment from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. ValuEngine lowered shares of Yintech Investment from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. Finally, TheStreet lowered shares of Yintech Investment from a “c-” rating to a “d+” rating in a research note on Monday, June 11th.
NASDAQ YIN opened at $5.26 on Thursday. Yintech Investment has a one year low of $5.25 and a one year high of $14.81. The company has a market capitalization of $421.19 million, a PE ratio of 4.96 and a beta of -0.44.
Yintech Investment (NASDAQ:YIN) last posted its quarterly earnings data on Friday, August 24th. The financial services provider reported ($0.08) EPS for the quarter. Yintech Investment had a negative net margin of 6.74% and a negative return on equity of 1.31%. The business had revenue of $41.32 million during the quarter. sell-side analysts expect that Yintech Investment will post -0.06 EPS for the current year.
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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