A-Mark Precious Metals (AMRK) Releases Earnings Results, Beats Estimates By $0.13 EPS
A-Mark Precious Metals (NASDAQ:AMRK) posted its quarterly earnings data on Thursday. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.13, Fidelity Earnings reports. A-Mark Precious Metals had a negative net margin of 0.04% and a negative return on equity of 0.62%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.72 billion.
Shares of NASDAQ AMRK traded up $0.84 on Friday, reaching $13.24. 33,843 shares of the company traded hands, compared to its average volume of 9,676. A-Mark Precious Metals has a fifty-two week low of $10.39 and a fifty-two week high of $15.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 0.64. The company has a market cap of $87.68 million, a P/E ratio of -220.67 and a beta of 0.07.
In related news, major shareholder William A. Richardson acquired 8,900 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was bought at an average price of $12.50 per share, with a total value of $111,250.00. Following the purchase, the insider now directly owns 265,088 shares in the company, valued at approximately $3,313,600. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 39.50% of the company’s stock.
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About A-Mark Precious Metals
A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company worldwide. The company offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints.
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