A-Mark Precious Metals (NASDAQ:AMRK) Hits New 52-Week Low – What’s Next?

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) hit a new 52-week low on Monday . The stock traded as low as $24.94 and last traded at $25.01, with a volume of 116801 shares changing hands. The stock had previously closed at $26.45.

Analyst Ratings Changes

Several research firms have recently weighed in on AMRK. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. DA Davidson reiterated a “buy” rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Finally, Northland Securities decreased their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, A-Mark Precious Metals has an average rating of “Hold” and a consensus price target of $41.75.

A-Mark Precious Metals Stock Down 0.8 %

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31. The stock has a market cap of $576.17 million, a PE ratio of 12.21 and a beta of 0.07. The company has a 50 day moving average price of $27.60 and a two-hundred day moving average price of $31.73.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. Analysts expect that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were paid a $0.20 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 annualized dividend and a yield of 3.20%. A-Mark Precious Metals’s payout ratio is 39.02%.

Institutional Trading of A-Mark Precious Metals

Several hedge funds have recently bought and sold shares of AMRK. Hobbs Group Advisors LLC bought a new stake in shares of A-Mark Precious Metals in the third quarter worth about $26,000. Coppell Advisory Solutions LLC grew its holdings in A-Mark Precious Metals by 72.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company’s stock valued at $53,000 after buying an additional 806 shares in the last quarter. Farther Finance Advisors LLC increased its position in A-Mark Precious Metals by 446.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company’s stock worth $62,000 after purchasing an additional 1,840 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of A-Mark Precious Metals during the 3rd quarter valued at about $251,000. Finally, Ancora Advisors LLC raised its position in A-Mark Precious Metals by 2,013.1% during the fourth quarter. Ancora Advisors LLC now owns 7,121 shares of the company’s stock valued at $195,000 after purchasing an additional 6,784 shares during the period. Hedge funds and other institutional investors own 75.25% of the company’s stock.

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.