Marygold Companies (NYSEAMERICAN:MGLD) Shares Down 2.2% – What’s Next?

The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) shares dropped 2.2% during trading on Friday . The company traded as low as $0.93 and last traded at $1.0173. Approximately 15,793 shares were traded during trading, a decline of 96% from the average daily volume of 385,779 shares. The stock had previously closed at $1.04.

Marygold Companies Price Performance

The company’s 50 day simple moving average is $1.05 and its two-hundred day simple moving average is $1.02.

Marygold Companies (NYSEAMERICAN:MGLD) last issued its earnings results on Thursday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $7.64 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Marygold Companies stock. Geode Capital Management LLC raised its position in shares of The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,910 shares of the company’s stock after purchasing an additional 16,927 shares during the period. Geode Capital Management LLC’s holdings in Marygold Companies were worth $96,000 as of its most recent SEC filing.

Marygold Companies Company Profile

The Marygold Companies, Inc, through its subsidiaries, engages in investment fund management, beauty products, food products, financial services, and security alarm systems businesses in the United States, the United Kingdom, New Zealand, Australia, and Canada. It operates as an investment advisor to exchange traded funds and exchange traded products organized as limited partnerships or investment trusts. The company also produces, packages, and distributes wholesale bakery products, meat pies, patisserie cakes and slices, and related bakery confections to groceries, gasoline convenience stores, and independent retailers, as well as prints specialty wrappers for the food industry; and sells and installs commercial and residential alarm monitoring systems under the Brigadier Security Systems and Elite Security brand names.