Avino Silver & Gold Mines (NYSE:ASM) Stock Price Down 5.6% - Should You Sell?

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) traded down 5.6% during mid-day trading on Tuesday . The stock traded as low as $3.54 and last traded at $3.49. 784,357 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 2,490,230 shares. The stock had previously closed at $3.69.

Analyst Ratings Changes

A number of equities analysts have recently commented on ASM shares. HC Wainwright raised their price objective on shares of Avino Silver & Gold Mines from $2.20 to $2.80 and gave the stock a "buy" rating in a report on Thursday, May 15th. Roth Capital restated a "neutral" rating and issued a $3.50 price objective on shares of Avino Silver & Gold Mines in a research report on Tuesday, July 1st. Finally, Wall Street Zen cut shares of Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Avino Silver & Gold Mines currently has a consensus rating of "Moderate Buy" and a consensus price target of $2.58.

Avino Silver & Gold Mines Stock Performance

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 stock's fifty day moving average is $3.48 and its 200-day moving average is $2.63. The stock has a market cap of $552.96 million, a price-to-earnings ratio of 190.60 and a beta of 1.66.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Mariner LLC bought a new position in Avino Silver & Gold Mines in the fourth quarter valued at approximately $41,000. Dynamic Technology Lab Private Ltd lifted its stake in Avino Silver & Gold Mines by 18.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company's stock valued at $58,000 after buying an additional 4,904 shares in the last quarter. Two Sigma Advisers LP bought a new position in Avino Silver & Gold Mines in the fourth quarter valued at approximately $67,000. Prudential Financial Inc. bought a new position in Avino Silver & Gold Mines in the fourth quarter valued at approximately $80,000. Finally, Northwest & Ethical Investments L.P. bought a new position in Avino Silver & Gold Mines in the first quarter valued at approximately $118,000. Institutional investors own 3.11% of the company's stock.

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.