Ferroglobe (NASDAQ:GSM) Stock Price Down 4.7% - Should You Sell?

Ferroglobe PLC (NASDAQ:GSM - Get Free Report) shares fell 4.7% on Monday . The stock traded as low as $4.31 and last traded at $4.34. 405,102 shares were traded during trading, a decline of 67% from the average session volume of 1,216,512 shares. The stock had previously closed at $4.55.

Analysts Set New Price Targets

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

Ferroglobe Stock Performance

The company's 50-day moving average price is $3.91 and its 200 day moving average price is $3.80. 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 has a market capitalization of $815.56 million, a PE ratio of -13.24 and a beta of 1.57.

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

Ferroglobe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Wednesday, June 18th were given a $0.014 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.06 annualized dividend and a dividend yield of 1.28%. Ferroglobe's dividend payout ratio is -15.15%.

Institutional Investors Weigh In On Ferroglobe

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in Ferroglobe by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 225,629 shares of the basic materials company's stock valued at $857,000 after acquiring an additional 2,760 shares during the period. SummerHaven Investment Management LLC lifted its position in Ferroglobe by 2.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 136,756 shares of the basic materials company's stock valued at $507,000 after acquiring an additional 3,697 shares during the period. Qtron Investments LLC lifted its position in Ferroglobe by 49.7% during the 4th quarter. Qtron Investments LLC now owns 22,268 shares of the basic materials company's stock valued at $85,000 after acquiring an additional 7,396 shares during the period. XTX Topco Ltd lifted its position in Ferroglobe by 23.0% during the 4th quarter. XTX Topco Ltd now owns 39,653 shares of the basic materials company's stock valued at $151,000 after acquiring an additional 7,427 shares during the period. Finally, Legal & General Group Plc lifted its position in Ferroglobe by 12.1% during the 4th quarter. Legal & General Group Plc now owns 86,965 shares of the basic materials company's stock valued at $331,000 after acquiring an additional 9,400 shares during the period. 89.64% of the stock is owned by hedge funds and other institutional investors.

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.