Globeflex Capital L P purchased a new stake in Yintech Investment Holdings Limited (NASDAQ:YIN) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 17,600 shares of the financial services provider’s stock, valued at approximately $176,000.

Shares of Yintech Investment Holdings Limited (NASDAQ:YIN) opened at 11.05 on Friday. Yintech Investment Holdings Limited has a 1-year low of $9.73 and a 1-year high of $19.45. The company has a 50-day moving average of $9.86 and a 200-day moving average of $9.86. The firm has a market cap of $774.86 million, a PE ratio of 4.88 and a beta of -0.98.

Yintech Investment Holdings Limited (NASDAQ:YIN) last announced its quarterly earnings data on Tuesday, August 29th. The financial services provider reported $0.19 earnings per share for the quarter. Yintech Investment Holdings Limited had a return on equity of 33.52% and a net margin of 30.09%. The firm had revenue of $84.10 million for the quarter. Analysts predict that Yintech Investment Holdings Limited will post $1.65 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on YIN shares. Zacks Investment Research raised shares of Yintech Investment Holdings Limited from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 26th. BidaskClub raised shares of Yintech Investment Holdings Limited from a “strong sell” rating to a “sell” rating in a research note on Thursday. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $15.00 price target on shares of Yintech Investment Holdings Limited in a research note on Thursday, August 31st.

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Yintech Investment Holdings Limited Profile

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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