Ferroglobe (NASDAQ:GSM) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Ferroglobe PLC (NASDAQ:GSM - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.80 and traded as high as $4.54. Ferroglobe shares last traded at $4.37, with a volume of 1,536,899 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Ferroglobe from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st.

Ferroglobe Price Performance

The business's 50 day simple moving average is $3.94 and its 200-day simple moving average is $3.81. The company has a market cap of $809.97 million, a price-to-earnings ratio of -13.15 and a beta of 1.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.00 and a current ratio of 1.66.

Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.08). Ferroglobe had a negative net margin of 3.80% and a positive return on equity of 1.93%. The company had revenue of $307.18 million for the quarter, compared to analyst estimates of $336.00 million. Sell-side analysts expect that Ferroglobe PLC will post 0.33 earnings per share for the current year.

Ferroglobe Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Wednesday, June 18th were paid a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, June 18th. Ferroglobe's payout ratio is presently -18.18%.

Institutional Investors Weigh In On Ferroglobe

Several institutional investors and hedge funds have recently modified their holdings of the business. Lloyd Harbor Capital Management LLC acquired a new position in Ferroglobe during the 4th quarter worth $5,605,000. Donald Smith & CO. Inc. lifted its position in Ferroglobe by 852.2% during the 4th quarter. Donald Smith & CO. Inc. now owns 5,951,051 shares of the basic materials company's stock worth $22,614,000 after acquiring an additional 5,326,051 shares during the last quarter. PFG Investments LLC acquired a new position in Ferroglobe during the 1st quarter worth $42,000. Russell Investments Group Ltd. lifted its position in Ferroglobe by 43.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,193,272 shares of the basic materials company's stock worth $4,534,000 after acquiring an additional 359,807 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Ferroglobe during the 1st quarter worth $242,000. Institutional investors and hedge funds own 89.64% of the company's stock.

About Ferroglobe

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.