Ferroglobe PLC (NASDAQ:GSM - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $5.38 and last traded at $5.27, with a volume of 1576297 shares. The stock had previously closed at $5.13.
Analyst Upgrades and Downgrades
GSM has been the subject of a number of analyst reports. Weiss Ratings restated a "sell (d)" rating on shares of Ferroglobe in a report on Wednesday. Wall Street Zen cut Ferroglobe from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ferroglobe currently has a consensus rating of "Reduce".
View Our Latest Report on GSM
Ferroglobe Stock Performance
The company has a current ratio of 1.56, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -9.36 and a beta of 1.85. The company has a 50-day moving average of $4.29 and a 200-day moving average of $4.00.
Ferroglobe (NASDAQ:GSM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The firm had revenue of $386.86 million for the quarter, compared to analyst estimates of $398.00 million. Ferroglobe had a negative net margin of 6.99% and a negative return on equity of 2.85%. On average, equities research analysts forecast that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.
Ferroglobe Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, September 22nd. Ferroglobe's dividend payout ratio is presently -8.77%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the stock. Grizzlyrock Capital LLC grew its stake in Ferroglobe by 4.3% during the 2nd quarter. Grizzlyrock Capital LLC now owns 4,540,272 shares of the basic materials company's stock worth $16,663,000 after buying an additional 187,000 shares during the last quarter. BNP Paribas Financial Markets grew its stake 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 worth $37,000 after buying an additional 10,173 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Ferroglobe during the 2nd quarter worth $825,000. AYAL Capital Advisors Ltd grew its stake in Ferroglobe by 5.0% during the 2nd quarter. AYAL Capital Advisors Ltd now owns 1,497,438 shares of the basic materials company's stock worth $5,496,000 after buying an additional 71,123 shares during the last quarter. Finally, California State Teachers Retirement System bought a new position in Ferroglobe during the 2nd quarter worth $27,000. 89.64% of the stock is currently owned by institutional investors.
Ferroglobe Company Profile
(
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Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.
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