A-Mark Precious Metals (NASDAQ:AMRK) Shares Cross Above 50-Day Moving Average - What's Next?

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $21.79 and traded as high as $23.12. A-Mark Precious Metals shares last traded at $22.73, with a volume of 198,854 shares.

Analysts Set New Price Targets

AMRK has been the subject of a number of research reports. Wall Street Zen raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. DA Davidson cut their price target on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, B. Riley cut their price target on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th.

A-Mark Precious Metals Stock Up 0.5%

The company has a market cap of $562.57 million, a PE ratio of 10.15 and a beta of 0.22. The stock's 50 day moving average price is $21.70 and its 200-day moving average price is $24.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 1.56.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.54). A-Mark Precious Metals had a net margin of 0.32% and a return on equity of 8.04%. The business had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $2.66 billion. On average, analysts predict that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Kathleen Taylor-Simpson sold 5,000 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $20.68, for a total transaction of $103,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 48.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On A-Mark Precious Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new position in A-Mark Precious Metals in the 1st quarter worth $41,000. Coppell Advisory Solutions LLC raised its holdings in A-Mark Precious Metals by 72.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company's stock worth $53,000 after purchasing an additional 806 shares in the last quarter. CWM LLC boosted its position in A-Mark Precious Metals by 1,192.3% during the 1st quarter. CWM LLC now owns 2,184 shares of the company's stock valued at $55,000 after acquiring an additional 2,015 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of A-Mark Precious Metals by 446.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company's stock worth $62,000 after acquiring an additional 1,840 shares during the period. Finally, NBC Securities Inc. bought a new position in shares of A-Mark Precious Metals in the 1st quarter worth approximately $70,000. 75.25% of the stock is currently owned by institutional investors.

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.