Marygold Companies (NYSEAMERICAN:MGLD) Trading Down 20% – Should You Sell?

The Marygold Companies, Inc. (NYSEAMERICAN:MGLD)’s stock price fell 20% on Thursday . The company traded as low as $1.04 and last traded at $1.04. 100,530 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 573,378 shares. The stock had previously closed at $1.30.

Marygold Companies Stock Up 5.8%

The company’s 50 day simple moving average is $1.01 and its 200 day simple moving average is $0.99.

Marygold Companies (NYSEAMERICAN:MGLD) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $7.64 million during the quarter.

Institutional Trading of Marygold Companies

A hedge fund recently raised its stake in Marygold Companies stock. Geode Capital Management LLC lifted its stake in shares of The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 108,910 shares of the company’s stock after buying an additional 16,927 shares during the quarter. Geode Capital Management LLC’s holdings in Marygold Companies were worth $96,000 as of its most recent filing with the SEC.

About Marygold Companies

The Marygold Companies, Inc, through its subsidiaries, engages in investment fund management, beauty products, food products, financial services, and security alarm systems businesses in the United States, the United Kingdom, New Zealand, Australia, and Canada. It operates as an investment advisor to exchange traded funds and exchange traded products organized as limited partnerships or investment trusts. The company also produces, packages, and distributes wholesale bakery products, meat pies, patisserie cakes and slices, and related bakery confections to groceries, gasoline convenience stores, and independent retailers, as well as prints specialty wrappers for the food industry; and sells and installs commercial and residential alarm monitoring systems under the Brigadier Security Systems and Elite Security brand names.