Ferroglobe (NASDAQ: GSM – Get a rating) last released its quarterly results on Wednesday, March 2. The basic materials company reported earnings per share (EPS) of $0.23 for the quarter, missing the consensus estimate of $0.31 per ($0.08). Ferroglobe had a negative net margin of 5.38% and a negative return on equity of 11.02%. The company posted revenue of $569.77 million in the quarter, versus a consensus estimate of $497.00 million. In the same quarter of the previous year, the company achieved EPS of ($0.47). On average, analysts expect Ferroglobe to post EPS of $3 for the current fiscal year and EPS of $1 for the next fiscal year.
NASDAQ: GSM traded at $0.08 in midday trading on Wednesday, hitting $6.66. The company had a trading volume of 1,108 shares, compared to an average volume of 826,179 shares. Ferroglobe has a fifty-two week low of $3.66 and a fifty-two week high of $11.25. The company’s fifty-day moving average is $7.72 and its two-hundred-day moving average is $6.82. The company has a debt ratio of 1.22, a quick ratio of 0.84 and a current ratio of 1.32. The company has a market capitalization of $1.25 billion, a P/E ratio of -11.34 and a beta of 2.45.
GSM has been the subject of a number of analyst reports. Seaport Res Ptn reaffirmed a “buy” rating on Ferroglobe shares in a Monday, February 14 research note. StockNews.com supposed coverage on Ferroglobe in a report on Thursday, March 31. They set a “holding” rating for the company. TheStreet upgraded Ferroglobe from a “d” to a “c-” rating in a Thursday, March 3 research report. To finish, Zacks Investment Research downgraded Ferroglobe from a “hold” rating to a “strong sell” rating in a Tuesday, April 19 research report.
Institutional investors and hedge funds have recently increased or reduced their stake in the company. Stifel Financial Corp increased its stake in Ferroglobe by 15.9% in the fourth quarter. Stifel Financial Corp now owns 52,538 shares of the basic materials company worth $326,000 after acquiring an additional 7,221 shares in the last quarter. SkyView Investment Advisors LLC purchased a new stake in Ferroglobe stock during Q4, valued at approximately $62,000. Cubist Systematic Strategies LLC increased its position in Ferroglobe shares by 20.6% during the 4th quarter. Cubist Systematic Strategies LLC now owns 69,403 shares of the basic materials company valued at $431,000 after buying 11,867 additional shares last quarter. State Street Corp bought a new stake in Ferroglobe in the 4th quarter for a value of approximately $200,000. Finally, Barclays PLC bought a new position in shares of Ferroglobe during the fourth quarter worth approximately $395,000. Hedge funds and other institutional investors own 31.18% of the company’s shares.
About Ferroglobe (Get a rating)
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, healthcare and electronics products, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as a deoxidizing agent in the steelmaking process; and ferromanganese which is used as a deoxidizing, desulphurizing and degassing agent in the removal of nitrogen and other harmful elements from steel.
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