News stories about Ferroglobe (NASDAQ:GSM) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ferroglobe earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 46.3666136069235 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Ferroglobe Announces Insider Buying – GlobeNewswire (press release) (globenewswire.com)
- BRIEF-Ferroglobe Plc Updates On Open-Market Purchases Of Co’s Shares By Its Senior Management (GSM) (markets.businessinsider.com)
- Ferroglobe PLC (GSM) Forms $16.07 Double Top; Dorman Products (DORM)’s Sentiment Is 1.23 – Hill Country Times (hillcountrytimes.com)
- First Week of January 2018 Options Trading For Ferroglobe (GSM) (nasdaq.com)
- Ferroglobe PLC (GSM) Expected to Announce Quarterly Sales of $466.24 Million (americanbankingnews.com)
A number of analysts have weighed in on GSM shares. Zacks Investment Research upgraded Ferroglobe from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Wednesday, October 11th. Stifel Nicolaus raised their price objective on Ferroglobe from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Jefferies Group reissued a “positive” rating and set a $17.00 price target (up previously from $12.00) on shares of Ferroglobe in a report on Friday, August 18th. B. Riley reaffirmed a “buy” rating and issued a $16.00 price objective (up previously from $14.25) on shares of Ferroglobe in a report on Tuesday, August 29th. Finally, BidaskClub lowered Ferroglobe from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Ferroglobe currently has a consensus rating of “Buy” and an average target price of $19.25.
Shares of Ferroglobe (NASDAQ GSM) traded down $0.01 on Thursday, reaching $15.61. The company’s stock had a trading volume of 360,800 shares, compared to its average volume of 783,488. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.09. Ferroglobe has a 52 week low of $8.54 and a 52 week high of $16.50.
Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings data on Monday, November 27th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Ferroglobe had a negative net margin of 2.84% and a negative return on equity of 0.75%. The company had revenue of $451.60 million during the quarter, compared to analysts’ expectations of $435.15 million. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. analysts forecast that Ferroglobe will post 0.13 EPS for the current year.
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Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy.
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