YIN has been the topic of several other reports. BidaskClub upgraded Yintech Investment from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Zacks Investment Research reiterated a “buy” rating and set a $6.25 target price on shares of Yintech Investment in a research note on Saturday, June 13th. Finally, TheStreet upgraded Yintech Investment from a “c-” rating to a “b-” rating in a research note on Wednesday, May 27th.
YIN stock opened at $6.43 on Thursday. Yintech Investment has a fifty-two week low of $4.08 and a fifty-two week high of $6.87. The business’s 50 day moving average price is $5.75 and its two-hundred day moving average price is $5.80. The company has a market capitalization of $459.40 million, a price-to-earnings ratio of 29.23 and a beta of 0.06.
A number of institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its holdings in Yintech Investment by 5.7% in the 4th quarter. Renaissance Technologies LLC now owns 76,035 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 4,100 shares during the period. State Street Corp raised its holdings in Yintech Investment by 31.1% in the 1st quarter. State Street Corp now owns 47,841 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 11,341 shares during the period. BlackRock Inc. raised its holdings in Yintech Investment by 3.2% during the first quarter. BlackRock Inc. now owns 374,184 shares of the financial services provider’s stock valued at $2,234,000 after acquiring an additional 11,484 shares during the period. Finally, Alliancebernstein L.P. bought a new stake in Yintech Investment during the fourth quarter valued at about $96,000. 0.90% of the stock is currently owned by institutional investors.
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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