A-Mark Precious Metals (NASDAQ:AMRK) Shares Up 3.9% – What’s Next?

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) shares were up 3.9% during trading on Tuesday . The company traded as high as $27.17 and last traded at $27.11. Approximately 142,328 shares traded hands during trading, a decline of 59% from the average daily volume of 347,486 shares. The stock had previously closed at $26.10.

Analysts Set New Price Targets

Several research firms have weighed in on AMRK. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. DA Davidson reduced their price target on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, A-Mark Precious Metals has an average rating of “Hold” and a consensus target price of $46.33.

A-Mark Precious Metals Trading Up 4.4 %

The firm has a fifty day moving average of $31.23 and a two-hundred day moving average of $35.82. The company has a market cap of $631.76 million, a PE ratio of 11.60 and a beta of -0.06. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51.

Institutional Investors Weigh In On A-Mark Precious Metals

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hobbs Group Advisors LLC purchased a new position in shares of A-Mark Precious Metals in the third quarter valued at $26,000. Quarry LP increased its position in shares of A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after buying an additional 539 shares during the period. nVerses Capital LLC purchased a new stake in shares of A-Mark Precious Metals in the second quarter worth about $45,000. Strategic Investment Solutions Inc. IL bought a new position in shares of A-Mark Precious Metals in the third quarter valued at approximately $88,000. Finally, Victory Capital Management Inc. purchased a new position in A-Mark Precious Metals during the third quarter valued at approximately $226,000. Institutional investors own 75.25% 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. 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.