Ferroglobe PLC (NASDAQ:GSM – Get Rating) shares traded down 10.9% during mid-day trading on Thursday . The company traded as low as $5.96 and last traded at $5.96. 31,335 shares were traded during mid-day trading, a decline of 98% from the average session volume of 1,307,555 shares. The stock had previously closed at $6.69.
A number of brokerages recently commented on GSM. StockNews.com raised shares of Ferroglobe from a “hold” rating to a “buy” rating in a research note on Monday, May 23rd. TheStreet upgraded shares of Ferroglobe from a “d” rating to a “c-” rating in a report on Thursday, March 3rd.
The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 9.34 and a beta of 2.45. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.48 and a quick ratio of 0.97. The business’s fifty day simple moving average is $7.18 and its 200 day simple moving average is $6.88.
Several hedge funds have recently modified their holdings of the company. Walleye Capital LLC grew its position in Ferroglobe by 114.5% in the first quarter. Walleye Capital LLC now owns 93,441 shares of the basic materials company’s stock valued at $719,000 after acquiring an additional 49,873 shares during the period. Walleye Trading LLC grew its holdings in shares of Ferroglobe by 77.3% during the first quarter. Walleye Trading LLC now owns 25,746 shares of the basic materials company’s stock worth $198,000 after buying an additional 11,223 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Ferroglobe during the first quarter worth about $144,000. Portolan Capital Management LLC bought a new position in Ferroglobe in the first quarter valued at approximately $5,182,000. Finally, Royal Bank of Canada boosted its stake in shares of Ferroglobe by 1,379.7% during the 1st quarter. Royal Bank of Canada now owns 11,379 shares of the basic materials company’s stock worth $88,000 after acquiring an additional 10,610 shares during the period. Institutional investors own 31.18% of the company’s stock.
Ferroglobe Company Profile (NASDAQ:GSM)
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.
- Get a free copy of the StockNews.com research report on Ferroglobe (GSM)
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