Ferroglobe PLC (NASDAQ:GSM - Get Free Report)'s stock price shot up 9.6% on Monday . The company traded as high as $4.23 and last traded at $4.18. 262,674 shares were traded during mid-day trading, a decline of 56% from the average session volume of 590,733 shares. The stock had previously closed at $3.81.
Ferroglobe Price Performance
The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.00. The firm has a market capitalization of $774.07 million, a P/E ratio of 17.17 and a beta of 1.83. The company's 50 day moving average price is $3.97 and its 200 day moving average price is $4.27.
Institutional Investors Weigh In On Ferroglobe
A number of institutional investors have recently made changes to their positions in GSM. Donald Smith & CO. Inc. boosted its holdings in Ferroglobe by 852.2% during the fourth quarter. Donald Smith & CO. Inc. now owns 5,951,051 shares of the basic materials company's stock worth $22,614,000 after purchasing an additional 5,326,051 shares during the last quarter. Old West Investment Management LLC boosted its stake in shares of Ferroglobe by 233.4% during the 3rd quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company's stock worth $17,439,000 after acquiring an additional 2,631,024 shares during the period. Bank of Montreal Can raised its position in shares of Ferroglobe by 234.5% in the third quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company's stock valued at $15,958,000 after purchasing an additional 2,442,507 shares during the period. CenterBook Partners LP acquired a new stake in Ferroglobe during the fourth quarter worth approximately $8,363,000. Finally, Royce & Associates LP lifted its holdings in Ferroglobe by 24.2% during the 4th quarter. Royce & Associates LP now owns 3,387,958 shares of the basic materials company's stock worth $12,874,000 after purchasing an additional 660,980 shares during the last quarter. 89.64% of the stock is owned by institutional investors and hedge funds.
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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