Ferroglobe (NASDAQ:GSM) Stock Price Up 4.3% - Should You Buy?

Ferroglobe PLC (NASDAQ:GSM - Get Free Report) traded up 4.3% on Thursday . The company traded as high as $3.44 and last traded at $3.51. 68,038 shares were traded during trading, a decline of 91% from the average session volume of 769,507 shares. The stock had previously closed at $3.36.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com lowered Ferroglobe from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Seaport Res Ptn lowered Ferroglobe from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 24th.

Ferroglobe Trading Up 4.5 %

The company has a 50 day moving average price of $3.85 and a 200 day moving average price of $4.15. The firm has a market cap of $744.02 million, a price-to-earnings ratio of 198.00 and a beta of 1.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.82.

Ferroglobe (NASDAQ:GSM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The firm had revenue of $367.51 million for the quarter, compared to the consensus estimate of $393.00 million. Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. On average, research analysts expect that Ferroglobe PLC will post 0.33 earnings per share for the current year.

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Ferroglobe Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.014 per share. This is an increase from Ferroglobe's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.06 annualized dividend and a yield of 1.41%. Ferroglobe's dividend payout ratio is 250.00%.

Institutional Investors Weigh In On Ferroglobe

Several large investors have recently bought and sold shares of GSM. GSA Capital Partners LLP increased its holdings in Ferroglobe by 26.8% during the 3rd quarter. GSA Capital Partners LLP now owns 114,691 shares of the basic materials company's stock worth $532,000 after purchasing an additional 24,245 shares during the period. Royce & Associates LP increased its holdings in Ferroglobe by 3.6% during the 3rd quarter. Royce & Associates LP now owns 2,726,978 shares of the basic materials company's stock worth $12,653,000 after purchasing an additional 94,260 shares during the period. Bank of Montreal Can increased its holdings in Ferroglobe by 234.5% during the 3rd quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company's stock worth $15,958,000 after purchasing an additional 2,442,507 shares during the period. West Tower Group LLC increased its holdings in Ferroglobe by 3.8% during the 3rd quarter. West Tower Group LLC now owns 137,291 shares of the basic materials company's stock worth $637,000 after purchasing an additional 5,000 shares during the period. Finally, Maverick Capital Ltd. boosted its position in shares of Ferroglobe by 60.3% during the 3rd quarter. Maverick Capital Ltd. now owns 369,540 shares of the basic materials company's stock worth $1,715,000 after acquiring an additional 139,002 shares in the last quarter. Hedge funds and other institutional investors own 89.64% of the company's stock.

About Ferroglobe

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.