Avino Silver & Gold Mines (NYSEAMERICAN:ASM) Shares Pass Above Fifty Day Moving Average of $0.00

Shares of Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.00 and traded as high as $0.84. Avino Silver & Gold Mines shares last traded at $0.80, with a volume of 947,369 shares.

Separately, Zacks Investment Research lowered Avino Silver & Gold Mines from a “hold” rating to a “sell” rating in a research note on Thursday, August 5th.

The firm has a market cap of $85.49 million, a PE ratio of -6.68 and a beta of 1.43.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last announced its quarterly earnings results on Tuesday, August 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.02). Avino Silver & Gold Mines had a negative net margin of 103.39% and a negative return on equity of 3.77%.

Several hedge funds have recently made changes to their positions in ASM. Virtu Financial LLC acquired a new position in Avino Silver & Gold Mines in the 2nd quarter valued at $45,000. Morgan Stanley raised its stake in Avino Silver & Gold Mines by 524.9% in the 2nd quarter. Morgan Stanley now owns 95,603 shares of the basic materials company’s stock valued at $112,000 after purchasing an additional 80,303 shares during the last quarter. Wells Fargo & Company MN raised its stake in Avino Silver & Gold Mines by 5,400.0% in the 2nd quarter. Wells Fargo & Company MN now owns 275,000 shares of the basic materials company’s stock valued at $322,000 after purchasing an additional 270,000 shares during the last quarter. Axiom Investment Management LLC acquired a new position in Avino Silver & Gold Mines in the 1st quarter valued at $42,000. Finally, Warberg Asset Management LLC acquired a new position in Avino Silver & Gold Mines in the 1st quarter valued at $70,000. 1.72% of the stock is owned by institutional investors and hedge funds.

Avino Silver & Gold Mines Company Profile (NYSEAMERICAN:ASM)

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses in silver reserves in 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.

See Also: Return on Equity (ROE)

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