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DGSE Companies Inc. (NYSE:DGSE) released financial results for first quarter

Boston, MA 06/06/2013 (wallstreetpr) – The share prices of DGSE Companies Inc. (NYSE:DGSE) had surged to close at $3.53 per share for the last trading session on Wednesday, which was observed to be 6.97 percent gain over the previous closing price on Tuesday. The shares of the company had been trading in the range of $3.38 to $3.69 per share during the day. The shares of DGSE Companies Inc. (NYSE:DGSE) had recorded 52 week low price level of $3.20 per share and 52 week high price level of $7.43 per share.

DGSE Companies Inc. (NYSE:DGSE) is involved in the buying and selling of jewelry, collectibles and valuables. The product portfolio of the company include fine watches, jewelry, rare coins and currency, diamonds, scrap gold, silver, platinum, palladium, precious metal bullion products, etc. DGSE Companies Inc. (NYSE:DGSE) serves its retail and wholesale customers throughout the United States through its various stores located in the states and through online shopping at its Internet website.

In the recently released financial results for first quarter, DGSE Companies Inc. (NYSE:DGSE) had reported revenues of $30.5 million compared to $32.8 million for the same quarter of previous year. Further, the net income of the company was observed to $300,000 compared to $497,000 for the previous year. DGSE Companies Inc. (NYSE:DGSE) presently holds 12.18 million shares outstanding in the market with an institutional ownership of 10 percent of its holdings. The average trading volume of the jewelry and valuables seller is at 26,910 shares per day in the market.

Published by Nicholas Maithya

Nicholas is a Financial Analyst by profession, who enjoys writing about investments, technological developments, business, economics and other financial topics at various financial publications. Join him here on Wallstreetpr.com as he endeavors to deliver to you the latest breaking news on the above mentioned fronts. Contact him by email at [email protected] or follow Nicholas Kitonyi @nmaithyak on Twitter.



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