Ferroglobe (NASDAQ:GSM) Share Price Passes Above 200-Day Moving Average - What's Next?

Shares of Ferroglobe PLC (NASDAQ:GSM - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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 Trading Down 2.5%

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.00 and a current ratio of 1.66. The stock's 50-day simple moving average is $3.97 and its 200-day simple moving average is $3.81. The firm has a market capitalization of $827.70 million, a PE ratio of -13.41 and a beta of 1.57.

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

Ferroglobe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.06 annualized dividend and a dividend yield of 1.26%. Ferroglobe's dividend payout ratio (DPR) is -18.18%.

Institutional Investors Weigh In On Ferroglobe

A number of large investors have recently modified their holdings of GSM. Cooper Creek Partners Management LLC boosted its position in Ferroglobe by 2.0% in the 4th quarter. Cooper Creek Partners Management LLC now owns 14,990,483 shares of the basic materials company's stock worth $56,964,000 after purchasing an additional 291,201 shares in the last quarter. Hosking Partners LLP boosted its position in Ferroglobe by 18.1% in the 1st quarter. Hosking Partners LLP now owns 10,633,729 shares of the basic materials company's stock worth $39,451,000 after purchasing an additional 1,629,431 shares in the last quarter. Wolf Hill Capital Management LP boosted its position in Ferroglobe by 11.0% in the 4th quarter. Wolf Hill Capital Management LP now owns 7,236,693 shares of the basic materials company's stock worth $27,499,000 after purchasing an additional 714,726 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in Ferroglobe by 9.6% in the 1st quarter. Donald Smith & CO. Inc. now owns 6,522,510 shares of the basic materials company's stock worth $24,199,000 after purchasing an additional 571,459 shares in the last quarter. Finally, Old West Investment Management LLC raised its stake in shares of Ferroglobe by 58.7% during the 1st quarter. Old West Investment Management LLC now owns 3,435,932 shares of the basic materials company's stock worth $12,747,000 after buying an additional 1,270,625 shares during the period. Hedge funds and other institutional investors 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.