Zacks Investment Research downgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a buy rating to a hold rating in a report released on Friday.

According to Zacks, “A-Mark Precious Metals, Inc. operates as a full service precious metals trading company offering a wide array of products and services. The Company’s products include gold, silver, platinum and palladium for storage and delivery in the form of coins, bars, wafers and grain. Its services include financing, leasing, consignment, hedging and a variety of customized financial programs. The Company’s clients include coin and metal dealers, investors, collectors, mines, manufacturers, refiners, jewelers, investment advisors, merchants, commodity brokerage houses and central banks. A-Mark Precious Metals, Inc. is based in Santa Monica, California. “

A number of other analysts have also commented on AMRK. ValuEngine lowered A-Mark Precious Metals from a buy rating to a hold rating in a research note on Wednesday, January 9th. TheStreet lowered A-Mark Precious Metals from a c rating to a d+ rating in a research note on Monday, September 24th. Finally, B. Riley reissued a neutral rating and set a $16.50 price target (up from $16.00) on shares of A-Mark Precious Metals in a research note on Monday, September 17th.

NASDAQ:AMRK opened at $11.64 on Friday. The stock has a market capitalization of $84.72 million, a P/E ratio of -194.00 and a beta of 0.10. The company has a current ratio of 1.23, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. A-Mark Precious Metals has a twelve month low of $10.39 and a twelve month high of $14.77.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.13. A-Mark Precious Metals had a positive return on equity of 0.79% and a negative net margin of 0.03%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.72 billion. Equities analysts predict that A-Mark Precious Metals will post 0.64 EPS for the current fiscal year.

In other news, President Thor Gjerdrum sold 4,070 shares of A-Mark Precious Metals stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $12.08, for a total transaction of $49,165.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 6,570 shares of company stock worth $79,101 over the last three months. Insiders own 39.50% of the company’s stock.

An institutional investor recently raised its position in A-Mark Precious Metals stock. Dimensional Fund Advisors LP lifted its stake in shares of A-Mark Precious Metals Inc (NASDAQ:AMRK) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 317,884 shares of the company’s stock after acquiring an additional 4,805 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.52% of A-Mark Precious Metals worth $4,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 19.81% of the company’s stock.

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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