Yintech Investment (YIN) Downgraded by BidaskClub to Strong Sell

BidaskClub cut shares of Yintech Investment (NASDAQ:YIN) from a sell rating to a strong sell rating in a report issued on Wednesday, April 10th, BidAskClub reports.

NASDAQ:YIN traded up $0.17 on Wednesday, hitting $5.68. The stock had a trading volume of 3,605 shares, compared to its average volume of 36,827. The firm has a market cap of $400.73 million, a P/E ratio of -12.09 and a beta of 0.15. Yintech Investment has a 52 week low of $3.97 and a 52 week high of $9.92.

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

An institutional investor recently raised its position in Yintech Investment stock. BlackRock Inc. lifted its stake in Yintech Investment Holdings Ltd – (NASDAQ:YIN) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,338 shares of the financial services provider’s stock after acquiring an additional 10,805 shares during the period. BlackRock Inc. owned approximately 0.16% of Yintech Investment worth $686,000 at the end of the most recent reporting period. 0.52% of the stock is owned by institutional investors.

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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