Ferroglobe (NASDAQ:GSM) Stock Rating Lowered by Wall Street Zen

Ferroglobe (NASDAQ:GSM) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

A number of other research firms have also issued reports on GSM. B. Riley lowered their target price on Ferroglobe from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Zacks Research downgraded shares of Ferroglobe from a “hold” rating to a “strong sell” rating in a report on Wednesday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ferroglobe in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $6.00.

Ferroglobe Stock Performance

GSM opened at $3.85 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 1.56. The company has a market cap of $718.51 million, a PE ratio of -6.75 and a beta of 1.83. The stock has a 50-day moving average of $4.59 and a 200-day moving average of $4.23. Ferroglobe has a 52-week low of $2.97 and a 52-week high of $5.74.

Ferroglobe (NASDAQ:GSM) last posted its earnings results on Wednesday, November 5th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.07). The company had revenue of $311.70 million during the quarter, compared to analyst estimates of $393.80 million. Ferroglobe had a negative return on equity of 2.85% and a negative net margin of 6.99%. As a group, equities research analysts forecast that Ferroglobe will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ferroglobe

Institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System bought a new stake in Ferroglobe during the 2nd quarter worth about $27,000. State of Alaska Department of Revenue acquired a new stake in shares of Ferroglobe in the third quarter valued at approximately $32,000. BNP Paribas Financial Markets raised its position in Ferroglobe by 1,017,300.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,174 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 10,173 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in Ferroglobe in the 1st quarter valued at $38,000. Finally, R Squared Ltd acquired a new stake in shares of Ferroglobe in the 2nd quarter valued at $38,000. Institutional investors own 89.64% of the company’s stock.

About Ferroglobe

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys 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; and silicon metal for primary and secondary aluminum producers.