A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report)'s share price traded up 3.9% during mid-day trading on Tuesday . The company traded as high as $27.17 and last traded at $27.11. 142,328 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 347,486 shares. The stock had previously closed at $26.10.
Analyst Upgrades and Downgrades
AMRK has been the topic of a number of recent analyst reports. DA Davidson cut their price target on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. StockNews.com raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $46.33.
Get Our Latest Research Report on A-Mark Precious Metals
A-Mark Precious Metals Trading Up 5.0 %
The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. The business's 50-day simple moving average is $30.96 and its two-hundred day simple moving average is $35.78. The stock has a market capitalization of $635.24 million, a price-to-earnings ratio of 11.66 and a beta of -0.06.
Hedge Funds Weigh In On A-Mark Precious Metals
Several hedge funds and other institutional investors have recently made changes to their positions in AMRK. Bank of New York Mellon Corp raised its position in A-Mark Precious Metals by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 164,580 shares of the company's stock valued at $5,327,000 after purchasing an additional 10,673 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in A-Mark Precious Metals during the 2nd quarter worth approximately $363,000. nVerses Capital LLC purchased a new position in A-Mark Precious Metals in the 2nd quarter worth approximately $45,000. Koss Olinger Consulting LLC acquired a new stake in A-Mark Precious Metals in the second quarter valued at approximately $535,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of A-Mark Precious Metals by 3.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 36,396 shares of the company's stock valued at $1,178,000 after purchasing an additional 1,222 shares during the period. Institutional investors and hedge funds own 75.25% of the company's stock.
About A-Mark Precious Metals
(
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A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.
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