A-Mark Precious Metals Inc (NASDAQ:AMRK) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 122,300 shares, a decline of 14.7% from the June 30th total of 143,300 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average trading volume of 40,400 shares, the short-interest ratio is currently 3.0 days.
Shares of NASDAQ AMRK opened at $24.09 on Friday. A-Mark Precious Metals has a 52 week low of $7.47 and a 52 week high of $25.11. The firm has a market cap of $169.35 million, a P/E ratio of 14.34 and a beta of -0.27. The business’s 50 day moving average price is $20.05 and its 200 day moving average price is $13.87. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 1.07.
A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $1.45. A-Mark Precious Metals had a return on equity of 15.48% and a net margin of 0.26%. The company had revenue of $1.26 billion during the quarter.
An institutional investor recently bought a new position in A-Mark Precious Metals stock. Bailard Inc. bought a new position in shares of A-Mark Precious Metals Inc (NASDAQ:AMRK) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,200 shares of the company’s stock, valued at approximately $125,000. Bailard Inc. owned 0.15% of A-Mark Precious Metals at the end of the most recent reporting period. 16.99% of the stock is currently owned by hedge funds and other institutional investors.
Separately, TheStreet upgraded A-Mark Precious Metals from a “d” rating to a “c-” rating in a research report on Friday, May 22nd.
A-Mark Precious Metals Company Profile
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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