Avino Silver & Gold Mines (NYSE:ASM) Shares Down 6.1% – Time to Sell?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) dropped 6.1% on Wednesday . The stock traded as low as $1.83 and last traded at $1.79. Approximately 4,406,418 shares traded hands during trading, an increase of 192% from the average daily volume of 1,507,827 shares. The stock had previously closed at $1.90.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ASM shares. HC Wainwright raised their target price on Avino Silver & Gold Mines from $1.90 to $2.20 and gave the company a “buy” rating in a research note on Wednesday, March 12th. StockNews.com raised Avino Silver & Gold Mines from a “hold” rating to a “buy” rating in a research note on Monday, March 17th.

Avino Silver & Gold Mines Stock Down 1.1 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The firm has a 50-day moving average of $1.53 and a 200 day moving average of $1.25. The stock has a market capitalization of $253.56 million, a price-to-earnings ratio of 90.05 and a beta of 1.87.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Large investors have recently made changes to their positions in the stock. Mariner LLC acquired a new position in Avino Silver & Gold Mines during the fourth quarter worth $41,000. Jane Street Group LLC grew its position in shares of Avino Silver & Gold Mines by 276.3% in the 3rd quarter. Jane Street Group LLC now owns 39,184 shares of the company’s stock valued at $43,000 after acquiring an additional 28,771 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Avino Silver & Gold Mines during the 4th quarter worth about $67,000. Prudential Financial Inc. bought a new stake in shares of Avino Silver & Gold Mines in the 4th quarter valued at about $80,000. Finally, XTX Topco Ltd bought a new stake in shares of Avino Silver & Gold Mines in the 3rd quarter valued at about $100,000. Institutional investors and hedge funds own 3.11% of the company’s stock.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.