Shares of Ferroglobe PLC (NASDAQ:GSM) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $7.43.
GSM has been the subject of several research analyst reports. B. Riley set a $4.00 target price on shares of Ferroglobe and gave the company a “buy” rating in a research note on Friday, May 17th. BidaskClub upgraded shares of Ferroglobe from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. ValuEngine upgraded shares of Ferroglobe from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Zacks Investment Research upgraded shares of Ferroglobe from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th.
NASDAQ:GSM traded up $0.04 during trading hours on Friday, hitting $1.78. 20,342 shares of the company traded hands, compared to its average volume of 800,431. The company has a market capitalization of $304.42 million, a PE ratio of 6.39 and a beta of 2.28. Ferroglobe has a twelve month low of $1.44 and a twelve month high of $8.64. The stock’s 50-day moving average price is $1.64. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.74 and a quick ratio of 0.81.
Ferroglobe (NASDAQ:GSM) last released its earnings results on Monday, June 3rd. The basic materials company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.02). The company had revenue of $456.79 million for the quarter, compared to analyst estimates of $481.09 million. Ferroglobe had a net margin of 1.20% and a negative return on equity of 0.37%. Ferroglobe’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 earnings per share. On average, analysts expect that Ferroglobe will post -0.52 EPS for the current year.
Hedge funds have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Ferroglobe by 2.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,237,407 shares of the basic materials company’s stock worth $9,917,000 after purchasing an additional 172,102 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ferroglobe by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,397,692 shares of the basic materials company’s stock worth $6,993,000 after purchasing an additional 199,408 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Ferroglobe by 20.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,955,111 shares of the basic materials company’s stock worth $4,698,000 after purchasing an additional 506,039 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Ferroglobe during the 4th quarter worth about $2,980,000. Finally, Park West Asset Management LLC increased its position in shares of Ferroglobe by 38.0% during the 4th quarter. Park West Asset Management LLC now owns 1,620,200 shares of the basic materials company’s stock worth $2,576,000 after purchasing an additional 445,986 shares in the last quarter. Institutional investors own 37.59% of the company’s stock.
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.
Further Reading: What are the FAANG Stocks?
Receive News & Ratings for Ferroglobe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferroglobe and related companies with MarketBeat.com's FREE daily email newsletter.