ASA Gold and Precious Metals (NYSE:ASA) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

ASA Gold and Precious Metals Limited (NYSE:ASA)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $61.35 and traded as low as $60.02. ASA Gold and Precious Metals shares last traded at $60.17, with a volume of 50,877 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of ASA Gold and Precious Metals in a research report on Monday, August 31st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

ASA Gold and Precious Metals Stock Up 0.9%

The company has a 50 day moving average price of $56.61 and a 200-day moving average price of $61.34.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in shares of ASA Gold and Precious Metals in the second quarter worth about $61,000. Walleye Capital LLC grew its holdings in shares of ASA Gold and Precious Metals by 1.4% during the 2nd quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock valued at $785,000 after purchasing an additional 341 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter valued at approximately $383,000. Osaic Holdings Inc. increased its position in ASA Gold and Precious Metals by 128.4% during the 2nd quarter. Osaic Holdings Inc. now owns 18,728 shares of the investment management company’s stock worth $591,000 after purchasing an additional 10,528 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in ASA Gold and Precious Metals by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company’s stock worth $3,854,000 after purchasing an additional 2,622 shares in the last quarter.

ASA Gold and Precious Metals Company Profile

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.