Revenue Update on A-Mark Precious Metals Inc(NASDAQ:AMRK)

A-Mark Precious Metals Inc(NASDAQ:AMRK) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Sep 21, 2016. Company reported revenue of $1.74B. Analysts estimated a revenue of $1.71B. Earnings per share were $0.15. Analysts had estimated an EPS of $0.31.

A-Mark Precious Metals Inc (AMRK) shares turned negative on Tuesdays trading session with the shares closing down -0.1 points or -0.60% at a volume of 6,179. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.8. The peak price level was also seen at $16.8 while the days lowest was $16.39. Finally the shares closed at $16.57. The 52-week high of the shares is $22.065 while the 52-week low is $11.13. According to the latest information available, the market cap of the company is $116 M.

Several Insider Transactions has been reported to the SEC. On Aug 18, 2016, Gregory N Roberts (director officer 10% owner (Chief Executive Offic) sold 1,300 shares at $16.89 per share price.Also, On May 17, 2016, Thor Gjerdrum (EVP & Chief Operating Officer) sold 5,000 shares at $17.83 per share price.On Dec 9, 2015, Carol Meltzer (General Counsel) sold 1,000 shares at $15.65 per share price, according to the Form-4 filing with the securities and exchange commission.

A-Mark Precious Metals Inc. is a precious metals trading company. The Company is a wholesaler of gold silver platinum and palladium bullion and related products including bars wafers grain and coins. The Company also distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers secure storage for bullion and offers complementary products such as consignment customized finance and liquidity programs such as Repo accounts and trade quotes in a range of foreign currencies. The Company’s business units include industrial coin and bar trading finance Collateral Finance Corporation (CFC) Transcontinental Depository Services LLC (TDS) and A-Mark Global Logistics LLC (Logistics). Its customers include mints manufacturers and fabricators refiners coin and bullion dealers e-commerce retailers banks and other financial institutions investors and collectors among others.

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