Ferroglobe (NASDAQ:GSM - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.
Ferroglobe Stock Performance
Shares of NASDAQ GSM remained flat at $3.59 during mid-day trading on Friday. The stock had a trading volume of 961,699 shares, compared to its average volume of 743,714. The company's fifty day moving average is $3.91 and its two-hundred day moving average is $4.21. Ferroglobe has a fifty-two week low of $3.45 and a fifty-two week high of $6.19. The company has a current ratio of 1.82, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The stock has a market cap of $674.51 million, a PE ratio of 179.50 and a beta of 1.83.
Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. The company had revenue of $367.51 million for the quarter, compared to the consensus estimate of $393.00 million. Research analysts forecast that Ferroglobe will post 0.33 earnings per share for the current year.
Institutional Investors Weigh In On Ferroglobe
Several hedge funds and other institutional investors have recently made changes to their positions in GSM. Heck Capital Advisors LLC bought a new stake in Ferroglobe during the 4th quarter valued at approximately $37,000. Wexford Capital LP acquired a new position in shares of Ferroglobe during the fourth quarter worth approximately $552,000. State of Wyoming boosted its position in shares of Ferroglobe by 165.3% in the fourth quarter. State of Wyoming now owns 122,523 shares of the basic materials company's stock valued at $466,000 after acquiring an additional 76,337 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of Ferroglobe in the fourth quarter worth $592,000. Finally, Lloyd Harbor Capital Management LLC acquired a new stake in shares of Ferroglobe in the fourth quarter worth $5,605,000. 89.64% of the stock is owned by institutional investors and hedge funds.
Ferroglobe Company Profile
(
Get Free Report)
Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.
Further Reading
Before you consider Ferroglobe, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ferroglobe wasn't on the list.
While Ferroglobe currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
