Yintech Investment (NASDAQ:YIN) Raised to “Sell” at BidaskClub

BidaskClub upgraded shares of Yintech Investment (NASDAQ:YIN) from a strong sell rating to a sell rating in a report released on Thursday morning, BidAskClub reports.

Shares of YIN opened at $4.92 on Thursday. The stock has a 50 day simple moving average of $4.60. Yintech Investment has a 12-month low of $3.66 and a 12-month high of $8.18.

Yintech Investment (NASDAQ:YIN) last announced its quarterly earnings data on Friday, May 31st. The financial services provider reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $67.19 million for the quarter. Yintech Investment had a negative net margin of 58.14% and a negative return on equity of 3.80%.

An institutional investor recently raised its position in Yintech Investment stock. BlackRock Inc. lifted its position in Yintech Investment Holdings Ltd – (NASDAQ:YIN) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,338 shares of the financial services provider’s stock after acquiring an additional 10,805 shares during the period. BlackRock Inc. owned about 0.16% of Yintech Investment worth $686,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.80% 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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