GAMCO Investors (NYSE:GAMI) Trading 3.1% Higher – Time to Buy?

GAMCO Investors, Inc. (NYSE:GAMI – Get Free Report)’s stock price shot up 3.1% on Wednesday . The stock traded as high as $24.84 and last traded at $24.84. 618 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 7,390 shares. The stock had previously closed at $24.10.

GAMCO Investors Trading Up 3.1%

The company has a market cap of $534.95 million, a price-to-earnings ratio of 9.41 and a beta of 0.59. The stock’s 50-day moving average is $23.40 and its 200-day moving average is $24.09.

GAMCO Investors Company Profile

(Get Free Report)

GAMCO Investors, Inc is a publicly traded investment advisory firm founded in 1976 by Mario J. Gabelli. Headquartered in Rye Brook, New York, the company offers portfolio management and advisory services to a range of clients, including institutions, high-net-worth individuals and retail investors. GAMCO operates as both an investment manager and sub-advisor, overseeing equity, fixed-income and alternative strategies across global and domestic markets.

The firm’s product lineup includes separately managed accounts, closed-end funds, mutual funds and exchange-traded products.

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