Ferroglobe (NASDAQ:GSM) Stock Passes Above 200-Day Moving Average – Should You Sell?

Ferroglobe PLC (NASDAQ:GSM) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.52 and traded as high as $5.30. Ferroglobe shares last traded at $4.94, with a volume of 1,361,819 shares trading hands.

Analyst Ratings Changes

GSM has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ferroglobe in a research note on Thursday. Wall Street Zen lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. B. Riley reduced their target price on shares of Ferroglobe from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Finally, Zacks Research upgraded shares of Ferroglobe from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.00.

Ferroglobe Trading Down 4.4%

The company has a quick ratio of 0.91, a current ratio of 1.66 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $4.66 and a 200-day moving average price of $4.52. The company has a market capitalization of $921.95 million, a price-to-earnings ratio of -6.68 and a beta of 1.08.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). The business had revenue of $311.70 million during the quarter, compared to the consensus estimate of $393.80 million. Ferroglobe had a negative return on equity of 6.13% and a negative net margin of 9.92%. Research analysts predict that Ferroglobe PLC will post 0.33 EPS for the current fiscal year.

Ferroglobe Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 22nd were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.06 dividend on an annualized basis and a yield of 1.1%. Ferroglobe’s dividend payout ratio (DPR) is -8.11%.

Hedge Funds Weigh In On Ferroglobe

A number of hedge funds and other institutional investors have recently made changes to their positions in GSM. California State Teachers Retirement System acquired a new stake in shares of Ferroglobe in the 2nd quarter valued at $27,000. State of Alaska Department of Revenue bought a new stake in Ferroglobe during the 3rd quarter worth about $32,000. BNP Paribas Financial Markets lifted its position in Ferroglobe by 1,017,300.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,174 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 10,173 shares during the period. R Squared Ltd bought a new position in shares of Ferroglobe in the 2nd quarter valued at about $38,000. Finally, Spire Wealth Management grew its position in shares of Ferroglobe by 49.0% during the 4th quarter. Spire Wealth Management now owns 8,334 shares of the basic materials company’s stock worth $39,000 after buying an additional 2,740 shares during the period. 89.64% of the stock is owned by institutional investors.

About Ferroglobe

Ferroglobe PLC is a leading producer of specialty metals and alloys, serving a diverse range of industrial customers worldwide. The company’s core operations focus on the manufacture of silicon metal, silicon-based alloys, manganese-based alloys and rare earth alloys, which are essential inputs for the aluminum, steel, chemical and electronics industries. Ferroglobe’s product portfolio includes high-purity silicon, ferrosilicon, silicon manganese, manganese alloys and various recarburizers used to enhance metal strength, durability and conductivity.

With production facilities located across North America, Europe, South America and Africa, Ferroglobe maintains a global footprint that allows it to supply customers on multiple continents.