A-Mark Precious Metals, Inc. (AMRK), a global leader in precious metals trading yesterday reported their fiscal fourth quarter 2017 financial results.
A-Mark reported fourth quarter net income of $1.2 million.  A-Mark reported fourth quarter earnings of $0.17 per share. A-Mark reported fourth quarter revenues of $1.33 billion.  Â
A-Mark Precious Metals, Inc.CEO’s  Comments
“Our results for Q4 were consistent with our expectations, given the continued subdued market activity that persisted during the quarter,â€Â said A-Mark CEO Greg Roberts. “Most notably, we achieved our 14th consecutive quarter of profitability since becoming public, which is a testament to our continued execution of and ability to capitalize on our business plan. With historically low sales levels at the U.S. mint reinforced by the sustained strength of the U.S. equities market as a whole, we continued to face headwinds which impacted demand for precious metals. Nevertheless, we were able to take advantage of trading opportunities in the period and experienced continued growth in our finance product offerings, further establishing our finance book as a meaningful source of income and predictability to our business model. In fact, net interest income in Q4 increased 42% year-over-year and 43% for the full fiscal year.â€Â Globe Newswire
AMRK Technical Analysis
AMRK opened trading yesterday at $18.06 which was up from the previous day’s trading close of $18.03. AMRK closed trading yesterday at $18.70 and spiked down after market to $16.02, equivalent to a 15% decrease from the closing price. Taking a look at the daily chart we can see the last time AMRK traded below these levels we have to go back to August 4th when it traded at  $15.44.
Taking a closer look at the daily chart we can see that before the spike down AMRK had been in an overall upward trend dating back to July 25th when it traded at $14.76. AMRK has a float of 3.97 million shares and traded 2.26 times the normal daily trading volume on Tuesday.
