Jefferies Group LLC restated their buy rating on shares of Yintech Investment Holdings Limited (NASDAQ:YIN) in a report issued on Thursday. Jefferies Group LLC currently has a $15.00 price target on the financial services provider’s stock.

Separately, Zacks Investment Research upgraded shares of Yintech Investment Holdings Limited from a strong sell rating to a hold rating in a research note on Wednesday, July 26th.

Yintech Investment Holdings Limited (NASDAQ:YIN) traded down 0.30% on Thursday, reaching $9.91. 7,658 shares of the company traded hands. The stock has a 50 day moving average of $9.95 and a 200-day moving average of $13.79. Yintech Investment Holdings Limited has a 1-year low of $8.53 and a 1-year high of $22.97. The stock has a market capitalization of $694.92 million, a price-to-earnings ratio of 4.48 and a beta of -0.94.

Yintech Investment Holdings Limited (NASDAQ:YIN) last issued its quarterly earnings results on Tuesday, August 29th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $84.10 million for the quarter. Yintech Investment Holdings Limited had a net margin of 30.09% and a return on equity of 33.52%. On average, equities analysts anticipate that Yintech Investment Holdings Limited will post $1.65 EPS for the current year.

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A hedge fund recently bought a new stake in Yintech Investment Holdings Limited stock. Globeflex Capital L P bought a new position in Yintech Investment Holdings Limited (NASDAQ:YIN) during the second quarter, according to its most recent filing with the SEC. The fund bought 17,600 shares of the financial services provider’s stock, valued at approximately $176,000. Institutional investors own 1.66% of the company’s stock.

About Yintech Investment Holdings Limited

Yintech Investment Holdings Limited is an online provider of spot commodity trading services in China. The Company facilitates the trading by individual customers of silver, gold, and other precious metals and commodities on the Shanghai Gold Exchange, the Tianjin Precious Metals Exchange and the Guangdong Precious Metals Exchange.

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