Shares of Ferroglobe PLC (NASDAQ:GSM - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $3.68 and last traded at $3.72, with a volume of 210740 shares trading hands. The stock had previously closed at $3.78.
Ferroglobe Stock Performance
The stock's 50-day moving average is $4.22 and its 200 day moving average is $4.62. The firm has a market cap of $708.50 million, a P/E ratio of 15.75 and a beta of 1.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.83.
Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.05). The company had revenue of $433.53 million during the quarter, compared to analyst estimates of $443.50 million. Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. During the same period in the previous year, the company posted $0.27 earnings per share. On average, research analysts predict that Ferroglobe PLC will post 0.28 earnings per share for the current year.
Ferroglobe Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 20th were given a $0.013 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Friday, December 20th. Ferroglobe's dividend payout ratio is presently 20.83%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Barclays PLC bought a new position in shares of Ferroglobe during the 3rd quarter worth approximately $44,000. Old West Investment Management LLC grew its stake in Ferroglobe by 158.0% during the third quarter. Old West Investment Management LLC now owns 2,908,501 shares of the basic materials company's stock worth $13,495,000 after buying an additional 1,781,024 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new stake in shares of Ferroglobe in the 3rd quarter valued at $99,000. XTX Topco Ltd bought a new position in Ferroglobe in the third quarter valued at about $150,000. Finally, State Street Corp increased its position in Ferroglobe by 1.6% during the 3rd quarter. State Street Corp now owns 163,238 shares of the basic materials company's stock worth $757,000 after purchasing an additional 2,615 shares in the last quarter. 89.64% of the stock is owned by institutional investors and hedge funds.
Ferroglobe Company Profile
(
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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.
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