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

Shares of Ferroglobe PLC (NASDAQ:GSMGet Rating) have received a consensus rating of “Hold” from the four ratings firms that are currently covering the stock, Marketbeat reports. One investment 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.

A number of research analysts have recently issued reports on the stock. TheStreet upgraded shares of Ferroglobe from a “d” rating to a “c-” rating in a research report on Thursday, March 3rd. StockNews.com initiated coverage on shares of Ferroglobe in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Seaport Res Ptn reaffirmed a “buy” rating on shares of Ferroglobe in a report on Monday, February 14th. Finally, Zacks Investment Research cut shares of Ferroglobe from a “hold” rating to a “strong sell” rating in a report on Tuesday.

Ferroglobe stock opened at $7.77 on Tuesday. The firm’s 50-day moving average is $7.87 and its 200-day moving average is $6.89. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.84 and a current ratio of 1.32. Ferroglobe has a 1 year low of $3.54 and a 1 year high of $11.25. The company has a market cap of $1.45 billion, a P/E ratio of -13.40 and a beta of 2.49.

Ferroglobe (NASDAQ:GSMGet Rating) last posted its quarterly earnings results on Wednesday, March 2nd. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.08). Ferroglobe had a negative return on equity of 11.02% and a negative net margin of 5.38%. The business had revenue of $569.77 million during the quarter, compared to the consensus estimate of $497.00 million. During the same quarter in the previous year, the business posted ($0.47) earnings per share. As a group, sell-side analysts predict that Ferroglobe will post 2.52 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its stake in Ferroglobe by 21.9% during the 4th quarter. Van ECK Associates Corp now owns 17,965 shares of the basic materials company’s stock valued at $112,000 after buying an additional 3,228 shares during the period. Confluence Investment Management LLC increased its stake in Ferroglobe by 9.6% during the 4th quarter. Confluence Investment Management LLC now owns 40,168 shares of the basic materials company’s stock valued at $249,000 after buying an additional 3,511 shares during the period. BlackRock Inc. increased its stake in Ferroglobe by 5.0% during the 3rd quarter. BlackRock Inc. now owns 101,954 shares of the basic materials company’s stock valued at $886,000 after buying an additional 4,849 shares during the period. Invesco Ltd. increased its stake in Ferroglobe by 3.5% during the 3rd quarter. Invesco Ltd. now owns 189,880 shares of the basic materials company’s stock valued at $1,652,000 after buying an additional 6,334 shares during the period. Finally, Stifel Financial Corp increased its stake in Ferroglobe by 15.9% during the 4th quarter. Stifel Financial Corp now owns 52,538 shares of the basic materials company’s stock valued at $326,000 after buying an additional 7,221 shares during the period. 31.18% of the stock is currently owned by institutional investors and hedge funds.

Ferroglobe Company Profile (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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