Avino Silver & Gold Mines (NYSE:ASM) Stock Price Up 0.7% - Here's Why

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s stock price was up 0.7% during trading on Wednesday . The stock traded as high as $3.74 and last traded at $3.54. Approximately 8,465,466 shares changed hands during trading, an increase of 270% from the average daily volume of 2,288,301 shares. The stock had previously closed at $3.51.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ASM. Wall Street Zen downgraded Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. HC Wainwright increased their price objective on Avino Silver & Gold Mines from $2.20 to $2.80 and gave the company a "buy" rating in a research note on Thursday, May 15th.

Avino Silver & Gold Mines Stock Down 3.6%

The stock has a market capitalization of $512.32 million, a price-to-earnings ratio of 176.59 and a beta of 1.66. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The business's 50-day moving average is $3.27 and its two-hundred day moving average is $2.41.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in shares of Avino Silver & Gold Mines during the 4th quarter valued at about $147,000. Captrust Financial Advisors purchased a new position in Avino Silver & Gold Mines during the fourth quarter worth about $217,000. Millennium Management LLC acquired a new position in Avino Silver & Gold Mines in the 4th quarter valued at about $492,000. Bank of America Corp DE grew its stake in shares of Avino Silver & Gold Mines by 184,842.4% in the 4th quarter. Bank of America Corp DE now owns 571,472 shares of the company's stock valued at $503,000 after buying an additional 571,163 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in shares of Avino Silver & Gold Mines in the 4th quarter valued at approximately $206,000. 3.11% of the stock is owned by hedge funds and other institutional investors.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.