A-Mark Precious Metals (NASDAQ:AMRK) Shares Up 3.9% – Should You Buy?

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

Analyst Ratings Changes

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 report on Thursday, December 19th. DA Davidson dropped their target price 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, 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 company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. The firm has a 50-day moving average of $31.23 and a 200-day moving average of $35.82. The firm has a market capitalization of $631.76 million, a P/E ratio of 11.60 and a beta of -0.06.

Institutional Trading of A-Mark Precious Metals

Institutional investors have recently modified their holdings of the company. FMR LLC raised its position in A-Mark Precious Metals by 1,714.4% during the 3rd quarter. FMR LLC now owns 1,209,801 shares of the company’s stock valued at $53,425,000 after purchasing an additional 1,143,125 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in A-Mark Precious Metals in the third quarter worth $11,741,000. Driehaus Capital Management LLC bought a new stake in A-Mark Precious Metals in the second quarter valued at $5,702,000. Evergreen Capital Management LLC increased its position in A-Mark Precious Metals by 359.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock valued at $2,657,000 after purchasing an additional 64,221 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its holdings in A-Mark Precious Metals by 123.6% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company’s stock worth $3,014,000 after purchasing an additional 51,460 shares in the last quarter. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

About A-Mark Precious Metals

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.