A-Mark Precious Metals (NASDAQ:AMRK) Lowered to “Hold” at ValuEngine

A-Mark Precious Metals (NASDAQ:AMRK) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Sunday, June 9th, ValuEngine reports.

Separately, Zacks Investment Research lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Thursday, February 14th.

AMRK traded down $0.05 during trading on Friday, reaching $13.00. The stock had a trading volume of 1,700 shares, compared to its average volume of 8,813. The stock has a market cap of $91.74 million, a price-to-earnings ratio of -216.67 and a beta of 0.05. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. A-Mark Precious Metals has a 1-year low of $10.45 and a 1-year high of $14.14. The stock has a 50 day simple moving average of $12.80.

A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results on Thursday, May 9th. The company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.09. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. As a group, equities research analysts expect that A-Mark Precious Metals will post 0.51 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in AMRK. Cannell Capital LLC increased its position in A-Mark Precious Metals by 18.1% during the 4th quarter. Cannell Capital LLC now owns 14,990 shares of the company’s stock valued at $177,000 after purchasing an additional 2,300 shares during the period. O Shaughnessy Asset Management LLC bought a new position in A-Mark Precious Metals during the 1st quarter valued at about $59,000. Dimensional Fund Advisors LP lifted its stake 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 acquiring an additional 14,359 shares during the period. Wedbush Securities Inc. lifted its stake 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 acquiring an additional 18,132 shares during the period. Finally, Granite Investment Partners LLC bought a new position in A-Mark Precious Metals during the 1st quarter valued at about $379,000. 21.66% of the stock is currently owned by institutional investors.

A-Mark Precious Metals Company Profile

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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