Ferroglobe PLC (NASDAQ:GSM – Get Rating) shares saw an uptick in trading volume on Wednesday . 19,373 shares traded hands during trading, a decline of 98% from the previous session’s volume of 1,254,227 shares.The stock last traded at $7.30 and had previously closed at $6.80.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on GSM. B. Riley began coverage on Ferroglobe in a report on Wednesday. They set a “buy” rating and a $12.00 price target for the company. StockNews.com upgraded Ferroglobe from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 25th.
Ferroglobe Stock Down 4.2 %
The business has a 50 day moving average of $6.35 and a 200 day moving average of $6.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.91 and a quick ratio of 1.28. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 4.28 and a beta of 2.25.
Institutional Inflows and Outflows
Ferroglobe PLC is a holding company, which engages in the production of silicon and specialty metals. Its products include silicon metal, manganese alloys, ferrosilicon, calcium silicon, and electrodes. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other.
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