A-Mark Precious Metals (NASDAQ:AMRK) Shares Cross Below 200-Day Moving Average of $0.00

A-Mark Precious Metals Inc (NASDAQ:AMRK) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as low as $13.00. A-Mark Precious Metals shares last traded at $13.29, with a volume of 1,615 shares.

A number of equities research analysts have recently weighed in on AMRK shares. ValuEngine downgraded A-Mark Precious Metals from a “buy” rating to a “hold” rating in a research note on Thursday, March 14th. Zacks Investment Research raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th.

The company has a 50 day moving average price of $12.74. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.71. The stock has a market capitalization of $91.74 million, a P/E ratio of -217.50 and a beta of 0.02.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.09. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Equities research analysts anticipate that A-Mark Precious Metals Inc will post 0.51 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of AMRK. Granite Investment Partners LLC bought a new position in shares of A-Mark Precious Metals in the 1st quarter valued at approximately $379,000. Wedbush Securities Inc. raised its stake in shares of A-Mark Precious Metals by 18.5% in the 1st quarter. Wedbush Securities Inc. now owns 116,295 shares of the company’s stock valued at $1,384,000 after acquiring an additional 18,132 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of A-Mark Precious Metals by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 333,243 shares of the company’s stock valued at $3,929,000 after acquiring an additional 14,359 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of A-Mark Precious Metals in the 1st quarter valued at approximately $59,000. Finally, Cannell Capital LLC raised its stake in shares of A-Mark Precious Metals by 18.1% in the 4th quarter. Cannell Capital LLC now owns 14,990 shares of the company’s stock valued at $177,000 after acquiring an additional 2,300 shares in the last quarter. 21.66% of the stock is owned by institutional investors.

A-Mark Precious Metals Company Profile (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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