ValuEngine upgraded shares of Ferroglobe (NASDAQ:GSM) from a sell rating to a hold rating in a report issued on Wednesday.
Several other research analysts have also issued reports on the company. Zacks Investment Research upgraded Ferroglobe from a sell rating to a hold rating in a research report on Tuesday. BidaskClub upgraded Ferroglobe from a sell rating to a hold rating in a report on Thursday, February 28th. B. Riley set a $4.00 target price on Ferroglobe and gave the stock a buy rating in a report on Friday, February 22nd. Jefferies Financial Group lowered Ferroglobe from a buy rating to a hold rating and set a $2.70 target price on the stock. in a report on Thursday, February 14th. Finally, CIBC reiterated a market perform rating on shares of Ferroglobe in a report on Tuesday, November 27th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $8.74.
NASDAQ:GSM opened at $2.54 on Wednesday. Ferroglobe has a 12-month low of $1.47 and a 12-month high of $16.94. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.68 and a current ratio of 1.92. The firm has a market capitalization of $452.30 million, a PE ratio of 9.07 and a beta of 2.14.
Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings results on Monday, February 25th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). Ferroglobe had a return on equity of 7.44% and a net margin of 6.32%. The business had revenue of $603.50 million for the quarter, compared to analyst estimates of $486.22 million. During the same period last year, the company earned $0.06 EPS. The firm’s revenue was up 28.9% on a year-over-year basis. Analysts forecast that Ferroglobe will post -0.17 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Trellus Management Company LLC raised its stake in shares of Ferroglobe by 20.1% in the 4th quarter. Trellus Management Company LLC now owns 33,000 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 5,527 shares during the period. IHT Wealth Management LLC acquired a new stake in shares of Ferroglobe in the 4th quarter valued at about $59,000. Virtu Financial LLC acquired a new stake in shares of Ferroglobe in the 4th quarter valued at about $71,000. Legal & General Group Plc raised its stake in shares of Ferroglobe by 339.8% in the 4th quarter. Legal & General Group Plc now owns 65,900 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 50,915 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Ferroglobe in the 4th quarter valued at about $112,000. Hedge funds and other institutional investors own 38.67% of the company’s stock.
Ferroglobe Company Profile
Ferroglobe PLC engages in the production of silicon metal, silicon-based specialty alloys, and ferroalloys. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.
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