ValuEngine downgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.
Separately, Zacks Investment Research cut shares of A-Mark Precious Metals from a buy rating to a hold rating in a research note on Friday, January 11th.
AMRK opened at $12.05 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.21. A-Mark Precious Metals has a 1 year low of $10.45 and a 1 year high of $14.77. The firm has a market capitalization of $85.78 million, a P/E ratio of -200.83 and a beta of 0.19.
A-Mark Precious Metals (NASDAQ:AMRK) last posted its earnings results on Monday, February 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). A-Mark Precious Metals had a negative net margin of 0.03% and a positive return on equity of 1.47%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.54 billion. As a group, equities research analysts forecast that A-Mark Precious Metals will post 0.45 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of AMRK. Wedbush Securities Inc. increased its holdings in A-Mark Precious Metals by 36.9% in the 3rd quarter. Wedbush Securities Inc. now owns 86,733 shares of the company’s stock worth $1,129,000 after acquiring an additional 23,382 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 worth $3,929,000 after acquiring an additional 14,359 shares in the last quarter. Finally, Cannell Capital LLC increased its holdings in A-Mark Precious Metals by 18.1% in the 4th quarter. Cannell Capital LLC now owns 14,990 shares of the company’s stock worth $177,000 after acquiring an additional 2,300 shares in the last quarter. Hedge funds and other institutional investors own 20.59% of the company’s stock.
About A-Mark Precious Metals
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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