Ferroglobe PLC (NASDAQ:GSM - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $3.74 and last traded at $3.75, with a volume of 553195 shares. The stock had previously closed at $3.87.
Ferroglobe Price Performance
The stock has a market capitalization of $710.37 million, a P/E ratio of 15.79 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. The firm has a 50-day moving average price of $4.31 and a 200 day moving average price of $4.70.
Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.05). The business had revenue of $433.53 million for the quarter, compared to the consensus estimate of $443.50 million. Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. During the same quarter in the previous year, the business earned $0.27 earnings per share. On average, analysts expect that Ferroglobe PLC will post 0.28 EPS for the current year.
Ferroglobe Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 20th will be paid a $0.013 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, December 20th. Ferroglobe's dividend payout ratio (DPR) is presently 20.83%.
Institutional Trading of Ferroglobe
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC bought a new position in shares of Ferroglobe in the third quarter worth approximately $44,000. Old West Investment Management LLC grew its holdings in Ferroglobe by 158.0% in the 3rd quarter. Old West Investment Management LLC now owns 2,908,501 shares of the basic materials company's stock worth $13,495,000 after acquiring an additional 1,781,024 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in shares of Ferroglobe in the third quarter valued at about $99,000. XTX Topco Ltd purchased a new position in shares of Ferroglobe in the third quarter valued at about $150,000. Finally, State Street Corp raised its stake in shares of Ferroglobe by 1.6% during the third quarter. State Street Corp now owns 163,238 shares of the basic materials company's stock valued at $757,000 after acquiring an additional 2,615 shares during the last quarter. Institutional investors own 89.64% of the company's stock.
About Ferroglobe
(
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.
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