A-Mark Precious Metals (NASDAQ:AMRK) Share Price Crosses Below Two Hundred Day Moving Average of $9.92

Shares of A-Mark Precious Metals Inc (NASDAQ:AMRK) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.92 and traded as low as $9.65. A-Mark Precious Metals shares last traded at $9.90, with a volume of 55,021 shares trading hands.

The stock has a market capitalization of $69.60 million, a P/E ratio of 56.33 and a beta of -0.20. The business has a fifty day simple moving average of $8.90 and a 200 day simple moving average of $9.90. The company has a current ratio of 1.24, a quick ratio of 0.74 and a debt-to-equity ratio of 1.24.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its earnings results on Thursday, February 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.08. The company had revenue of $1.06 billion for the quarter. A-Mark Precious Metals had a return on equity of 2.09% and a net margin of 0.03%.

Several institutional investors have recently made changes to their positions in AMRK. Tower Research Capital LLC TRC lifted its holdings in A-Mark Precious Metals by 585.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,240 shares of the company’s stock valued at $35,000 after purchasing an additional 3,621 shares during the last quarter. Cannell Capital LLC grew its stake in A-Mark Precious Metals by 33.5% in the 4th quarter. Cannell Capital LLC now owns 29,888 shares of the company’s stock worth $247,000 after buying an additional 7,500 shares in the last quarter. National Investment Services of America LLC bought a new position in shares of A-Mark Precious Metals in the 4th quarter worth $414,000. Finally, Shufro Rose & Co. LLC lifted its holdings in shares of A-Mark Precious Metals by 0.6% during the 4th quarter. Shufro Rose & Co. LLC now owns 240,068 shares of the company’s stock worth $1,985,000 after acquiring an additional 1,400 shares during the last quarter. 17.05% of the stock is owned by hedge funds and other 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.

Further Reading: Options Trading

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