Zacks Investment Research upgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “A-Mark Precious Metals, Inc. operates as a full service precious metals trading company offering a wide array of products and services. The Company’s products include gold, silver, platinum and palladium for storage and delivery in the form of coins, bars, wafers and grain. Its services include financing, leasing, consignment, hedging and a variety of customized financial programs. The Company’s clients include coin and metal dealers, investors, collectors, mines, manufacturers, refiners, jewelers, investment advisors, merchants, commodity brokerage houses and central banks. A-Mark Precious Metals, Inc. is based in Santa Monica, California. “

Separately, ValuEngine raised GameStop from a sell rating to a hold rating in a research note on Sunday, June 9th.

A-Mark Precious Metals stock traded up $0.08 during trading hours on Wednesday, hitting $12.48. The stock had a trading volume of 300 shares, compared to its average volume of 8,525. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $87.75 million, a PE ratio of -208.00 and a beta of 0.05. A-Mark Precious Metals has a one year low of $10.45 and a one year high of $14.14. The business has a 50 day moving average of $12.80.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its earnings results on Thursday, May 9th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.05 by $0.09. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. As a group, analysts anticipate that A-Mark Precious Metals will post 0.51 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Granite Investment Partners LLC bought a new position in shares of A-Mark Precious Metals during the first quarter worth about $379,000. O Shaughnessy Asset Management LLC bought a new position in shares of A-Mark Precious Metals during the first quarter worth about $59,000. Wedbush Securities Inc. grew its position in shares of A-Mark Precious Metals by 18.5% during the first quarter. Wedbush Securities Inc. now owns 116,295 shares of the company’s stock worth $1,384,000 after acquiring an additional 18,132 shares during the last quarter. Cannell Capital LLC grew its position in shares of A-Mark Precious Metals by 18.1% during the fourth quarter. Cannell Capital LLC now owns 14,990 shares of the company’s stock worth $177,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of A-Mark Precious Metals by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 333,243 shares of the company’s stock worth $3,929,000 after acquiring an additional 14,359 shares during the last quarter. 21.66% of the stock is owned by institutional investors.

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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