Ferroglobe PLC (NASDAQ:GSM) Given Average Rating of “Hold” by Analysts

Shares of Ferroglobe PLC (NASDAQ:GSMGet Rating) have been assigned an average rating of “Hold” from the four analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and one has issued a buy recommendation on the company.

Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Ferroglobe from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 19th. StockNews.com initiated coverage on shares of Ferroglobe in a report on Thursday, March 31st. They set a “hold” rating for the company. TheStreet raised shares of Ferroglobe from a “d” rating to a “c-” rating in a research report on Thursday, March 3rd. Finally, Seaport Res Ptn restated a “buy” rating on shares of Ferroglobe in a research note on Monday, February 14th.

Hedge funds and other institutional investors have recently modified their holdings of the business. SkyView Investment Advisors LLC purchased a new stake in shares of Ferroglobe in the fourth quarter worth about $62,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Ferroglobe during the first quarter worth $66,000. Seelaus Asset Management LLC purchased a new position in shares of Ferroglobe during the fourth quarter worth $79,000. Clear Harbor Asset Management LLC purchased a new position in Ferroglobe in the fourth quarter valued at $87,000. Finally, Keebeck Alpha LP purchased a new position in Ferroglobe in the first quarter valued at $91,000. 31.18% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:GSM traded up $0.57 during trading on Friday, reaching $7.36. 1,457,975 shares of the company’s stock traded hands, compared to its average volume of 1,102,524. Ferroglobe has a 12 month low of $4.20 and a 12 month high of $11.25. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.48 and a quick ratio of 0.79. The stock has a market capitalization of $1.38 billion, a P/E ratio of 11.87 and a beta of 2.45. The company has a 50 day moving average of $7.50 and a 200-day moving average of $6.79.

Ferroglobe (NASDAQ:GSMGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The basic materials company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.15. Ferroglobe had a net margin of 5.76% and a return on equity of 43.57%. During the same period last year, the company posted ($0.24) earnings per share. Equities research analysts predict that Ferroglobe will post 2.52 earnings per share for the current fiscal year.

About Ferroglobe (Get Rating)

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.

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