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

A-Mark Precious Metals (NASDAQ:AMRK) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Several other analysts have also recently commented on AMRK. B. Riley lowered their target price on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. DA Davidson raised their target price on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th.

A-Mark Precious Metals Stock Up 4.1 %

Shares of A-Mark Precious Metals stock opened at $40.12 on Friday. The company has a current ratio of 1.86, a quick ratio of 0.32 and a debt-to-equity ratio of 0.51. The business’s 50 day simple moving average is $31.17 and its 200-day simple moving average is $29.25. The stock has a market capitalization of $916.74 million, a price-to-earnings ratio of 8.90 and a beta of 0.02. A-Mark Precious Metals has a twelve month low of $23.14 and a twelve month high of $42.48.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion. A-Mark Precious Metals had a return on equity of 26.90% and a net margin of 1.10%. Equities research analysts forecast that A-Mark Precious Metals will post 4.33 earnings per share for the current year.

Insider Activity

In other news, Director Michael R. Wittmeyer sold 22,383 shares of A-Mark Precious Metals stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $26.06, for a total transaction of $583,300.98. Following the transaction, the director now directly owns 453,283 shares in the company, valued at approximately $11,812,554.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Michael R. Wittmeyer sold 22,383 shares of A-Mark Precious Metals stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $26.06, for a total transaction of $583,300.98. Following the transaction, the director now directly owns 453,283 shares in the company, valued at approximately $11,812,554.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory N. Roberts sold 8,696 shares of A-Mark Precious Metals stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $713,510.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,637 shares of company stock worth $1,396,360. 23.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On A-Mark Precious Metals

Several large investors have recently modified their holdings of AMRK. DekaBank Deutsche Girozentrale bought a new stake in shares of A-Mark Precious Metals during the 4th quarter worth $67,000. Quest Partners LLC bought a new stake in shares of A-Mark Precious Metals during the 4th quarter worth $184,000. Capstone Investment Advisors LLC bought a new stake in shares of A-Mark Precious Metals during the 4th quarter worth $220,000. Raymond James & Associates bought a new stake in shares of A-Mark Precious Metals during the 4th quarter worth $236,000. Finally, SG Americas Securities LLC acquired a new stake in shares of A-Mark Precious Metals in the third quarter worth $250,000. 75.25% of the stock is 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.