Ferroglobe (NASDAQ:GSM) Lowered to Buy at StockNews.com

StockNews.com cut shares of Ferroglobe (NASDAQ:GSM) from a strong-buy rating to a buy rating in a research report report published on Monday morning.

Separately, TheStreet cut Ferroglobe from a b- rating to a c+ rating in a research note on Wednesday, November 8th.

Ferroglobe Trading Down 1.2 %

NASDAQ GSM opened at $4.93 on Monday. The stock has a market capitalization of $924.03 million, a price-to-earnings ratio of 7.95 and a beta of 2.18. The stock’s 50 day moving average price is $4.88 and its two-hundred day moving average price is $4.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 2.33. Ferroglobe has a 52 week low of $3.64 and a 52 week high of $5.79.

Institutional Investors Weigh In On Ferroglobe

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp grew its holdings in Ferroglobe by 4.6% in the 1st quarter. State Street Corp now owns 33,691 shares of the basic materials company’s stock valued at $259,000 after buying an additional 1,477 shares in the last quarter. Trivant Custom Portfolio Group LLC grew its holdings in Ferroglobe by 40.0% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 7,000 shares of the basic materials company’s stock valued at $33,000 after buying an additional 2,000 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Ferroglobe by 38.1% in the 2nd quarter. Osaic Holdings Inc. now owns 7,554 shares of the basic materials company’s stock valued at $36,000 after buying an additional 2,083 shares in the last quarter. WINTON GROUP Ltd grew its holdings in shares of Ferroglobe by 4.2% during the 3rd quarter. WINTON GROUP Ltd now owns 66,380 shares of the basic materials company’s stock worth $345,000 after purchasing an additional 2,682 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ferroglobe by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 105,632 shares of the basic materials company’s stock worth $522,000 after purchasing an additional 3,543 shares in the last quarter. Institutional investors own 45.29% of the company’s stock.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It provides 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.