Ferroglobe (NASDAQ:GSM) Stock Price Down 4.7% - What's Next?

Ferroglobe PLC (NASDAQ:GSM - Get Free Report)'s stock price dropped 4.7% during mid-day trading on Monday . The company traded as low as $3.55 and last traded at $3.55. Approximately 484,303 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 1,002,213 shares. The stock had previously closed at $3.72.

Analyst Ratings Changes

GSM has been the topic of a number of analyst reports. StockNews.com downgraded Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Seaport Res Ptn lowered shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th.

Ferroglobe Price Performance

The firm has a market capitalization of $658.54 million, a PE ratio of 175.25 and a beta of 1.58. The firm's fifty day moving average price is $3.61 and its 200 day moving average price is $3.94. The company has a current ratio of 1.82, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Ferroglobe (NASDAQ:GSM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $367.51 million for the quarter, compared to analyst estimates of $393.00 million. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. As a group, equities analysts forecast that Ferroglobe PLC will post 0.33 earnings per share for the current year.

Ferroglobe Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 20th were issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 1.60%. This is a positive change from Ferroglobe's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, March 20th. Ferroglobe's dividend payout ratio (DPR) is 250.00%.

Institutional Trading of Ferroglobe

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC acquired a new stake in Ferroglobe during the third quarter worth about $44,000. State Street Corp grew its holdings in Ferroglobe by 1.6% during the third quarter. State Street Corp now owns 163,238 shares of the basic materials company's stock worth $757,000 after acquiring an additional 2,615 shares during the period. Hosking Partners LLP boosted its position in Ferroglobe by 1.8% during the fourth quarter. Hosking Partners LLP now owns 9,004,298 shares of the basic materials company's stock worth $34,216,000 after purchasing an additional 159,845 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in Ferroglobe by 852.2% during the fourth quarter. Donald Smith & CO. Inc. now owns 5,951,051 shares of the basic materials company's stock worth $22,614,000 after purchasing an additional 5,326,051 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in Ferroglobe by 10.8% during the fourth quarter. First Eagle Investment Management LLC now owns 2,030,772 shares of the basic materials company's stock worth $7,717,000 after purchasing an additional 197,317 shares in the last quarter. 89.64% of the stock is owned by institutional investors and hedge funds.

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.