Ferroglobe (NASDAQ:GSM) Stock Price Up 8% - Time to Buy?

Ferroglobe PLC (NASDAQ:GSM - Get Free Report) shares rose 8% on Tuesday . The company traded as high as $3.95 and last traded at $3.97. Approximately 1,013,170 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 1,194,583 shares. The stock had previously closed at $3.67.

Analyst Upgrades and Downgrades

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

Ferroglobe Stock Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.00. The stock has a market cap of $807.34 million, a PE ratio of -13.11 and a beta of 1.57. The business has a 50 day moving average price of $3.79 and a two-hundred day moving average price of $3.77.

Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its quarterly 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 positive return on equity of 1.93% and a negative net margin of 3.80%. The firm had revenue of $307.18 million during the quarter, compared to the consensus estimate of $336.00 million. As a group, equities research analysts forecast 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. Investors of record on Wednesday, June 18th were paid a $0.014 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.06 annualized dividend and a dividend yield of 1.29%. Ferroglobe's payout ratio is presently -15.15%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Donald Smith & CO. Inc. grew its position in shares of Ferroglobe by 852.2% in 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 buying an additional 5,326,051 shares during the last quarter. CenterBook Partners LP purchased a new stake in Ferroglobe in the fourth quarter worth $8,363,000. Hosking Partners LLP boosted its holdings in Ferroglobe by 18.1% in the first quarter. Hosking Partners LLP now owns 10,633,729 shares of the basic materials company's stock valued at $39,451,000 after acquiring an additional 1,629,431 shares in the last quarter. Lloyd Harbor Capital Management LLC purchased a new position in Ferroglobe during the 4th quarter valued at $5,605,000. Finally, Boston Partners raised its holdings in Ferroglobe by 622.2% in the 1st quarter. Boston Partners now owns 1,548,152 shares of the basic materials company's stock worth $5,743,000 after purchasing an additional 1,333,772 shares in the last quarter. 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.