A-Mark Precious Metals (NASDAQ:AMRK) Stock Rating Upgraded by StockNews.com

A-Mark Precious Metals (NASDAQ:AMRKGet Free Report) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A-Mark Precious Metals Stock Up 3.6 %

Shares of A-Mark Precious Metals stock traded up $0.96 during trading on Monday, reaching $27.43. The company had a trading volume of 215,382 shares, compared to its average volume of 239,255. The company has a market cap of $626.78 million, a price-to-earnings ratio of 6.08 and a beta of 0.01. The firm’s fifty day moving average is $28.80 and its 200-day moving average is $30.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86. A-Mark Precious Metals has a fifty-two week low of $23.14 and a fifty-two week high of $42.11.

Institutional Trading of A-Mark Precious Metals

Large investors have recently modified their holdings of the company. Keeley Teton Advisors LLC increased its stake in shares of A-Mark Precious Metals by 3.4% during the first quarter. Keeley Teton Advisors LLC now owns 6,000 shares of the company’s stock valued at $464,000 after acquiring an additional 200 shares during the period. American International Group Inc. boosted its stake in A-Mark Precious Metals by 3.3% during the 2nd quarter. American International Group Inc. now owns 9,163 shares of the company’s stock valued at $343,000 after purchasing an additional 297 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of A-Mark Precious Metals by 4.3% during the 2nd quarter. MetLife Investment Management LLC now owns 10,317 shares of the company’s stock valued at $386,000 after purchasing an additional 427 shares during the period. State of Wyoming raised its stake in shares of A-Mark Precious Metals by 7.9% in the 4th quarter. State of Wyoming now owns 6,162 shares of the company’s stock worth $214,000 after buying an additional 451 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of A-Mark Precious Metals by 67.9% in the third quarter. FMR LLC now owns 1,147 shares of the company’s stock valued at $34,000 after buying an additional 464 shares during the period. Institutional investors and hedge funds own 54.84% of the company’s stock.

About A-Mark Precious Metals

(Get Free Report)

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.

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