A-Mark Precious Metals Inc (NASDAQ:AMRK) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.53 and traded as high as $13.95. A-Mark Precious Metals shares last traded at $13.74, with a volume of 2,464 shares.
AMRK has been the subject of a number of research reports. Zacks Investment Research raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Wednesday, July 10th. ValuEngine downgraded A-Mark Precious Metals from a “buy” rating to a “hold” rating in a research report on Sunday, June 9th.
The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.19. The stock has a 50-day moving average of $12.55. The stock has a market capitalization of $93.79 million, a PE ratio of 35.10 and a beta of 0.06.
A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.05 by $0.09. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMRK. O Shaughnessy Asset Management LLC acquired a new stake in shares of A-Mark Precious Metals in the 1st quarter valued at approximately $59,000. Granite Investment Partners LLC acquired a new stake in A-Mark Precious Metals during the 1st quarter valued at $379,000. Wedbush Securities Inc. lifted its holdings in A-Mark Precious Metals by 18.5% during the 1st quarter. Wedbush Securities Inc. now owns 116,295 shares of the company’s stock valued at $1,384,000 after purchasing an additional 18,132 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in A-Mark Precious Metals by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 333,243 shares of the company’s stock valued at $3,929,000 after purchasing an additional 14,359 shares during the last quarter. 21.64% of the stock is owned by institutional investors.
About A-Mark Precious Metals (NASDAQ:AMRK)
A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company worldwide. The company offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints.
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