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

Key Points

• Wall Street Zen upgraded Ferroglobe from “hold” to “buy,” although Weiss Ratings lowered its assessment to “sell (d-).” The overall analyst consensus remains “Hold,” with a $6.00 price target.
• Ferroglobe shares were trading around $4.24, up 1.2%, with a market capitalization of approximately $791 million. The stock has ranged from $3.08 to $5.74 over the past year.
• An insider sold 32,292 shares for about $138,856, while institutional investors continued to hold a substantial 89.64% stake in the company.

Ferroglobe (NASDAQ:GSM - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings cut shares of Ferroglobe from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.00.

Ferroglobe Trading Up 1.2%

NASDAQ GSM opened at $4.24 on Friday. The stock has a 50-day moving average of $4.21 and a 200-day moving average of $4.02. The company has a current ratio of 1.29, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. Ferroglobe has a 1-year low of $3.08 and a 1-year high of $5.74. The firm has a market cap of $791.29 million, a PE ratio of -19.27 and a beta of 1.06.

Insider Transactions at Ferroglobe

In related news, insider Cos Muntanola Beatriz Garcia sold 32,292 shares of the business's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $4.30, for a total transaction of $138,855.60. Following the transaction, the insider owned 31,693 shares in the company, valued at $136,279.90. The trade was a 50.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.07% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ferroglobe

Large investors have recently made changes to their positions in the business. Irenic Capital Management LP purchased a new stake in shares of Ferroglobe in the 4th quarter worth about $46,000. R Squared Ltd bought a new stake in shares of Ferroglobe during the 1st quarter valued at about $44,000. PFG Investments LLC purchased a new position in shares of Ferroglobe during the first quarter valued at about $45,000. Master S Wealth Management Inc. purchased a new position in shares of Ferroglobe during the first quarter valued at about $51,000. Finally, PDT Partners LLC bought a new position in Ferroglobe in the second quarter worth about $44,000. 89.64% of the stock is currently owned by institutional investors.

Ferroglobe Company Profile

Ferroglobe PLC NASDAQ: GSM is a global producer of silicon and manganese-based products used in the manufacture of aluminum, steel, silicones and other industrial materials. Its product portfolio includes silicon metal, ferrosilicon, manganese alloys, calcium silicon and other specialty alloys, as well as silica fume and related products.

The company serves customers across industries such as automotive, construction, renewable energy, consumer products and chemicals. Its materials are used to improve the strength and performance of steel and aluminum, support silicone production and contribute to other metallurgical and industrial applications.

Ferroglobe was formed in 2015 through the combination of Globe Specialty Metals and Grupo FerroAtlántica.

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