ASA Gold and Precious Metals (NYSE:ASA) Shares Pass Below 200 Day Moving Average – Should You Sell?

ASA Gold and Precious Metals Limited (NYSE:ASA)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $62.34 and traded as low as $56.87. ASA Gold and Precious Metals shares last traded at $57.4510, with a volume of 43,682 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of ASA Gold and Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

ASA Gold and Precious Metals Stock Up 2.2%

The company’s 50 day moving average price is $53.90 and its 200 day moving average price is $62.31.

Institutional Trading of ASA Gold and Precious Metals

Large investors have recently added to or reduced their stakes in the company. WHI TRUST Co LLC bought a new position in shares of ASA Gold and Precious Metals in the fourth quarter valued at approximately $30,000. GHP Investment Advisors Inc. bought a new stake in ASA Gold and Precious Metals during the 1st quarter worth approximately $31,000. Trust Co. of Vermont acquired a new stake in ASA Gold and Precious Metals during the 2nd quarter valued at $47,000. Group One Trading LLC bought a new position in ASA Gold and Precious Metals in the 1st quarter valued at $50,000. Finally, Advisory Services Network LLC acquired a new position in ASA Gold and Precious Metals in the third quarter worth $55,000.

About ASA Gold and Precious Metals

ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.

The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.