Yintech Investment (NASDAQ:YIN) Stock Price Up 12.3%

Yintech Investment Holdings Ltd – (NASDAQ:YIN)’s share price rose 12.3% during trading on Monday . The stock traded as high as $6.79 and last traded at $6.68, approximately 2,919 shares changed hands during trading. A decline of 93% from the average daily volume of 41,221 shares. The stock had previously closed at $5.95.

YIN has been the subject of several recent research reports. ValuEngine raised Yintech Investment from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. BidaskClub raised Yintech Investment from a “hold” rating to a “buy” rating in a research report on Tuesday.

The firm has a fifty day moving average price of $5.35 and a two-hundred day moving average price of $4.91.

Yintech Investment (NASDAQ:YIN) last issued its quarterly earnings results on Monday, December 2nd. The financial services provider reported $0.20 earnings per share for the quarter. The company had revenue of $71.46 million for the quarter.

A hedge fund recently raised its stake in Yintech Investment stock. BlackRock Inc. increased its holdings in Yintech Investment Holdings Ltd – (NASDAQ:YIN) by 13.0% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 319,553 shares of the financial services provider’s stock after buying an additional 36,727 shares during the quarter. BlackRock Inc. owned about 0.45% of Yintech Investment worth $1,501,000 at the end of the most recent reporting period. 0.81% of the stock is owned by institutional investors and hedge funds.

About Yintech Investment (NASDAQ:YIN)

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.

See Also: Pattern Day Trader – What is the PDT Rule?

Receive News & Ratings for Yintech Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yintech Investment and related companies with MarketBeat.com's FREE daily email newsletter.