Shares of Ferroglobe PLC (NASDAQ:GSM - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $3.23 and last traded at $3.29, with a volume of 1126726 shares. The stock had previously closed at $3.37.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on GSM shares. Seaport Res Ptn lowered Ferroglobe from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 24th. StockNews.com lowered shares of Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st.
Check Out Our Latest Report on Ferroglobe
Ferroglobe Trading Up 4.5 %
The business has a 50 day simple moving average of $3.85 and a 200 day simple moving average of $4.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00. The company has a market cap of $744.02 million, a price-to-earnings ratio of 198.00 and a beta of 1.89.
Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.04. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. The firm had revenue of $367.51 million for the quarter, compared to analyst estimates of $393.00 million. As a group, equities analysts forecast that Ferroglobe PLC will post 0.33 EPS for the current year.
Ferroglobe Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Thursday, March 20th will be given a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 1.41%. The ex-dividend date is Thursday, March 20th. This is a boost from Ferroglobe's previous quarterly dividend of $0.01. Ferroglobe's payout ratio is 250.00%.
Institutional Investors Weigh In On Ferroglobe
Institutional investors and hedge funds have recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of Ferroglobe during the fourth quarter worth approximately $37,000. Raymond James Financial Inc. acquired a new position in Ferroglobe during the 4th quarter worth approximately $42,000. LPL Financial LLC acquired a new position in Ferroglobe during the fourth quarter worth $42,000. Barclays PLC bought a new position in Ferroglobe in the third quarter valued at $44,000. Finally, RPO LLC bought a new position in Ferroglobe in the fourth quarter valued at approximately $53,000. Institutional investors own 89.64% of the company's stock.
About Ferroglobe
(
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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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