A-Mark Precious Metals (NASDAQ:AMRK) announced its quarterly earnings data on Wednesday. The company reported $4.28 EPS for the quarter, beating the consensus estimate of $2.20 by $2.08, Fidelity Earnings reports. A-Mark Precious Metals had a return on equity of 77.15% and a net margin of 1.78%. During the same quarter last year, the firm posted $2.49 EPS.
AMRK opened at $52.04 on Friday. The stock’s 50 day simple moving average is $48.25 and its 200 day simple moving average is $43.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.25 and a quick ratio of 0.55. A-Mark Precious Metals has a 1 year low of $25.08 and a 1 year high of $57.63. The firm has a market cap of $579.52 million, a price-to-earnings ratio of 3.34 and a beta of -0.43.
An institutional investor recently raised its position in A-Mark Precious Metals stock. Morgan Stanley increased its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 173,096.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,031 shares of the company’s stock after acquiring an additional 45,005 shares during the quarter. Morgan Stanley owned approximately 0.40% of A-Mark Precious Metals worth $2,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 42.71% of the stock is owned by hedge funds and other institutional investors.
A-Mark Precious Metals Company Profile
A-Mark Precious Metals, Inc engages in the trading of precious metals. It operates through the following segments: Wholesale Trading and Ancillary Services; Secured Lending; and Direct Sales. The Wholesale Trading and Ancillary Services segment offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grain, ingots, and coins.
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