ValuEngine downgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a buy rating to a hold rating in a report issued on Thursday.
Separately, Zacks Investment Research raised A-Mark Precious Metals from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research note on Monday, January 21st.
NASDAQ:AMRK opened at $12.51 on Thursday. A-Mark Precious Metals has a 12-month low of $10.45 and a 12-month high of $14.77. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.23. The firm has a market capitalization of $86.45 million, a PE ratio of -208.50 and a beta of 0.19.
A number of institutional investors have recently modified their holdings of the stock. Cannell Capital LLC raised its stake in A-Mark Precious Metals by 18.1% during the 4th quarter. Cannell Capital LLC now owns 14,990 shares of the company’s stock worth $177,000 after buying an additional 2,300 shares during the period. Wedbush Securities Inc. raised its stake in A-Mark Precious Metals by 13.2% during the 4th quarter. Wedbush Securities Inc. now owns 98,163 shares of the company’s stock worth $1,157,000 after buying an additional 11,430 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in A-Mark Precious Metals by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 333,243 shares of the company’s stock worth $3,929,000 after buying an additional 14,359 shares during the period. 20.59% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also: What is a stock split?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for A-Mark Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A-Mark Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.