GAMCO Investors (NYSE:GAMI) Shares Gap Up – Here’s Why

GAMCO Investors, Inc. (NYSE:GAMIGet Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $22.50, but opened at $23.92. GAMCO Investors shares last traded at $24.06, with a volume of 670 shares changing hands.

GAMCO Investors Trading Up 5.3%

The firm has a market cap of $533.23 million, a price-to-earnings ratio of 9.38 and a beta of 0.60. The business’s 50-day simple moving average is $23.13 and its two-hundred day simple moving average is $24.18.

GAMCO Investors Company Profile

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GAMCO Investors, Inc is a publicly traded investment advisory firm founded in 1976 by Mario J. Gabelli. Headquartered in Rye Brook, New York, the company offers portfolio management and advisory services to a range of clients, including institutions, high-net-worth individuals and retail investors. GAMCO operates as both an investment manager and sub-advisor, overseeing equity, fixed-income and alternative strategies across global and domestic markets.

The firm’s product lineup includes separately managed accounts, closed-end funds, mutual funds and exchange-traded products.

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