Ferroglobe PLC (NASDAQ:GSM) Receives Average Rating of “Hold” from Analysts

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Ferroglobe PLC (NASDAQ:GSM) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $5.57.

Several equities research analysts recently issued reports on GSM shares. Stifel Nicolaus lowered shares of Ferroglobe from a “buy” rating to a “hold” rating in a report on Monday, September 16th. Zacks Investment Research lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Finally, ValuEngine lowered shares of Ferroglobe from a “buy” rating to a “hold” rating in a report on Friday, October 4th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in Ferroglobe by 25.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 38,418 shares of the basic materials company’s stock worth $65,000 after acquiring an additional 7,676 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Ferroglobe by 69.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,561 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 8,033 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Ferroglobe by 14.0% in the 2nd quarter. Wells Fargo & Company MN now owns 97,018 shares of the basic materials company’s stock valued at $165,000 after purchasing an additional 11,947 shares during the last quarter. United Services Automobile Association boosted its stake in shares of Ferroglobe by 3.7% in the 2nd quarter. United Services Automobile Association now owns 550,965 shares of the basic materials company’s stock valued at $937,000 after purchasing an additional 19,574 shares during the last quarter. Finally, Adirondack Research & Management Inc. boosted its stake in shares of Ferroglobe by 13.8% in the 1st quarter. Adirondack Research & Management Inc. now owns 578,771 shares of the basic materials company’s stock valued at $1,186,000 after purchasing an additional 70,400 shares during the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ferroglobe stock traded up $0.10 during midday trading on Friday, hitting $0.79. 10,727 shares of the company traded hands, compared to its average volume of 768,050. The stock has a market cap of $126.79 million, a price-to-earnings ratio of 2.68 and a beta of 2.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 1.38. The firm’s fifty day moving average price is $1.18 and its 200-day moving average price is $1.64. Ferroglobe has a 12 month low of $0.62 and a 12 month high of $7.11.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings results on Tuesday, September 3rd. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The company had revenue of $409.47 million for the quarter, compared to the consensus estimate of $446.01 million. Ferroglobe had a negative net margin of 4.12% and a negative return on equity of 5.69%. The company’s revenue for the quarter was down 29.1% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. Equities research analysts forecast that Ferroglobe will post -0.59 earnings per share for the current year.

Ferroglobe Company Profile

Ferroglobe PLC engages in the production of silicon metal, silicon-based specialty alloys, and ferroalloys. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Ferroglobe (NASDAQ:GSM)

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