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.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Wednesday. TheStreet downgraded shares of A-Mark Precious Metals from a “c” rating to a “d+” rating in a research note on Monday, September 24th. B. Riley reaffirmed a “neutral” rating and set a $16.50 price objective (up previously from $16.00) on shares of A-Mark Precious Metals in a research note on Monday, September 17th. Finally, ValuEngine raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Four investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $15.67.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2018/11/10/a-mark-precious-metals-amrk-releases-earnings-results-beats-estimates-by-0-13-eps.html.

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.

Further Reading: Why do company’s buyback their stock?

Earnings History for A-Mark Precious Metals (NASDAQ:AMRK)

Receive News & Ratings for A-Mark Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A-Mark Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.