AMRK - There was some interesting trading going on yesterday after hours after they put out their earnings PR. Someone didn't like it and was selling it off pretty hard down into the 33s. I listened to the conference call, and nothing struck me as alarming. It was already down around 17 percent for the last month or so coming into the report. And this came out this morning:
A-Mark Precious Metals price target raised to $66 from $57 at DA Davidson
The Fly - Sep 01 10:10 EDT
DA Davidson raised the firm's price target on A-Mark Precious Metals to $66 from $57 and keeps a Buy rating on the shares. The analyst cites the company's better than expected Q4 results and raised long-term sales and profitability projections, along with the management's continuous efforts in expanding its direct-to-consumer portfolio throughout FY23.
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.
