Shares of Yintech Investment Holdings Ltd – (NASDAQ:YIN) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus target price of $10.70 for the company, according to Zacks. Zacks has also assigned Yintech Investment an industry rank of 80 out of 255 based on the ratings given to its competitors.
Get Yintech Investment alerts:Separately, BidaskClub downgraded Yintech Investment from a “hold” rating to a “sell” rating in a research report on Tuesday.
A hedge fund recently raised its stake in Yintech Investment stock. BlackRock Inc. raised its holdings in Yintech Investment Holdings Ltd – (NASDAQ:YIN) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 about 0.16% of Yintech Investment worth $686,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 0.53% of the company’s stock.
YIN traded up $0.07 during trading on Friday, hitting $6.75. The company’s stock had a trading volume of 36,400 shares, compared to its average volume of 53,947. Yintech Investment has a 12 month low of $3.97 and a 12 month high of $10.28. The company has a market cap of $491.03 million, a price-to-earnings ratio of 6.37 and a beta of 0.23.
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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