Ferroglobe PLC (NASDAQ:GSM - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.07 and traded as high as $4.28. Ferroglobe shares last traded at $4.18, with a volume of 1,815,299 shares.
Wall Street Analyst Weigh In
A number of analysts have issued reports on GSM shares. Wall Street Zen downgraded shares of Ferroglobe from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Weiss Ratings cut shares of Ferroglobe from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $6.00.
Read Our Latest Stock Report on GSM
Ferroglobe Trading Down 1.9%
The stock has a market capitalization of $780.11 million, a P/E ratio of -19.00 and a beta of 1.00. The company has a current ratio of 1.29, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $3.96 and a two-hundred day moving average price of $4.07.
Ferroglobe Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, September 22nd. Ferroglobe's dividend payout ratio is presently -27.27%.
Insider Buying and Selling
In other Ferroglobe news, insider Cos Muntanola Beatriz Garcia sold 32,292 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $4.30, for a total value of $138,855.60. Following the transaction, the insider directly owned 31,693 shares of the company's stock, valued at $136,279.90. This trade represents a 50.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.07% of the stock is currently owned by corporate insiders.
Institutional Trading of Ferroglobe
Large investors have recently made changes to their positions in the company. Donald Smith & CO. Inc. bought a new position in Ferroglobe in the second quarter valued at approximately $25,843,000. Ardsley Advisory Partners LP bought a new stake in Ferroglobe during the fourth quarter worth $9,837,000. CenterBook Partners LP lifted its stake in Ferroglobe by 59.1% during the fourth quarter. CenterBook Partners LP now owns 1,474,228 shares of the basic materials company's stock worth $6,840,000 after purchasing an additional 547,847 shares during the last quarter. Man Investment Partners US LP bought a new stake in Ferroglobe during the fourth quarter worth $6,021,000. Finally, Bastion Asset Management Inc. acquired a new stake in shares of Ferroglobe in the 1st quarter valued at $4,155,000. Institutional investors and hedge funds own 89.64% of the company's stock.
About Ferroglobe
(
Get Free Report)
Ferroglobe PLC NASDAQ: GSM is a global producer of silicon and specialty metals used in the manufacturing, automotive, chemical, construction, energy and technology industries. The company produces silicon metal, ferrosilicon, manganese alloys and other silicon-based alloys that help improve the strength, performance and durability of steel and aluminum products.
Its product portfolio also includes calcium silicon, inoculants and other specialty alloy products, as well as quartz and related raw materials used in silicon and alloy production.
Further Reading
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