A-Mark Precious Metals (NASDAQ:AMRK) Upgraded to "Hold" at StockNews.com

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Friday.

Several other equities research analysts also recently issued reports on AMRK. B. Riley downgraded shares of A-Mark Precious Metals from a "buy" rating to a "neutral" rating and set a $33.00 price objective for the company. in a research report on Wednesday, May 15th. Northland Capmk downgraded A-Mark Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 8th. Maxim Group assumed coverage on A-Mark Precious Metals in a research note on Wednesday, May 22nd. They issued a "buy" rating and a $63.00 target price on the stock. Finally, Northland Securities cut shares of A-Mark Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $46.67.

A-Mark Precious Metals Price Performance

Shares of NASDAQ:AMRK traded up $3.26 on Friday, hitting $38.97. The stock had a trading volume of 1,011,890 shares, compared to its average volume of 363,098. The company has a market capitalization of $890.66 million, a price-to-earnings ratio of 11.95 and a beta of -0.06. The firm's 50 day moving average price is $35.45 and its 200-day moving average price is $34.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76. A-Mark Precious Metals has a twelve month low of $23.14 and a twelve month high of $42.48.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quarry LP increased its position in A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company's stock worth $36,000 after buying an additional 539 shares during the period. nVerses Capital LLC bought a new position in A-Mark Precious Metals during the second quarter worth about $45,000. Quest Partners LLC bought a new position in A-Mark Precious Metals during the fourth quarter worth about $184,000. Capstone Investment Advisors LLC acquired a new stake in A-Mark Precious Metals in the 4th quarter worth about $220,000. Finally, Quantbot Technologies LP boosted its holdings in A-Mark Precious Metals by 192.5% in the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company's stock valued at $228,000 after purchasing an additional 4,895 shares during the period. 75.25% of the stock is 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. 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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