Ferroglobe (NASDAQ:GSM) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Monday, February 4th.
Several other equities research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Ferroglobe from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Zacks Investment Research raised shares of Ferroglobe from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. Oppenheimer reissued a “buy” rating on shares of Ferroglobe in a research report on Thursday, November 15th. UBS Group downgraded shares of Ferroglobe from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 27th. Finally, CIBC reissued a “market perform” rating on shares of Ferroglobe in a research report on Tuesday, November 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Ferroglobe presently has an average rating of “Hold” and a consensus target price of $8.74.
NASDAQ:GSM remained flat at $$2.75 during trading hours on Monday. 1,044,111 shares of the company’s stock traded hands, compared to its average volume of 780,247. Ferroglobe has a 1 year low of $1.47 and a 1 year high of $17.40. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.92 and a quick ratio of 0.68. The company has a market capitalization of $362.87 million, a P/E ratio of 9.82 and a beta of 2.14.
Ferroglobe (NASDAQ:GSM) last issued its earnings results on Monday, February 25th. The basic materials company reported ($0.05) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). Ferroglobe had a net margin of 6.32% and a return on equity of 7.44%. The firm had revenue of $603.50 million during the quarter, compared to the consensus estimate of $486.22 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 28.9% on a year-over-year basis. As a group, equities analysts forecast that Ferroglobe will post -0.09 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Trellus Management Company LLC lifted its stake in Ferroglobe by 20.1% in the fourth quarter. Trellus Management Company LLC now owns 33,000 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 5,527 shares during the last quarter. IHT Wealth Management LLC acquired a new stake in Ferroglobe in the fourth quarter valued at $59,000. Virtu Financial LLC acquired a new stake in Ferroglobe in the fourth quarter valued at $71,000. Legal & General Group Plc lifted its stake in Ferroglobe by 339.8% in the fourth quarter. Legal & General Group Plc now owns 65,900 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 50,915 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Ferroglobe in the fourth quarter valued at $112,000. 38.67% of the stock is owned by institutional investors and hedge funds.
Ferroglobe PLC engages in the production of silicon metal, silicon-based specialty alloys, and ferroalloys. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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