GAMCO Investors (NYSE:GAMI) Sees Strong Trading Volume – Here’s What Happened

Shares of GAMCO Investors, Inc. (NYSE:GAMIGet Free Report) saw unusually-strong trading volume on Thursday . 11,302 shares were traded during mid-day trading, an increase of 65% from the previous session’s volume of 6,849 shares.The stock last traded at $25.25 and had previously closed at $25.15.

GAMCO Investors Price Performance

The firm has a market cap of $543.78 million, a P/E ratio of 9.56 and a beta of 0.57. The company’s 50-day simple moving average is $24.19 and its 200 day simple moving average is $24.05.

GAMCO Investors Company Profile

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GAMCO Investors, Inc is a publicly traded investment advisory firm founded in 1976 by Mario J. Gabelli. Headquartered in Rye Brook, New York, the company offers portfolio management and advisory services to a range of clients, including institutions, high-net-worth individuals and retail investors. GAMCO operates as both an investment manager and sub-advisor, overseeing equity, fixed-income and alternative strategies across global and domestic markets.

The firm’s product lineup includes separately managed accounts, closed-end funds, mutual funds and exchange-traded products.

Further Reading

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