Ferroglobe (NASDAQ:GSM) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
Other equities research analysts also recently issued reports about the company. Jefferies Group set a $18.00 price target on Ferroglobe and gave the stock a “buy” rating in a report on Tuesday, November 28th. Stifel Nicolaus increased their price target on Ferroglobe from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. B. Riley restated a “buy” rating and issued a $20.00 price target (up from $16.00) on shares of Ferroglobe in a report on Wednesday, November 22nd. Zacks Investment Research downgraded Ferroglobe from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 30th. Finally, ValuEngine downgraded Ferroglobe from a “hold” rating to a “sell” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $19.25.
Shares of Ferroglobe (GSM) opened at $15.64 on Tuesday. The company has a market capitalization of $2,690.00, a PE ratio of -10.94 and a beta of 1.54. The company has a quick ratio of 1.09, a current ratio of 1.80 and a debt-to-equity ratio of 0.45. Ferroglobe has a fifty-two week low of $8.54 and a fifty-two week high of $17.61.
Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Monday, November 27th. The basic materials company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $451.60 million during the quarter, compared to the consensus estimate of $435.15 million. Ferroglobe had a negative return on equity of 0.75% and a negative net margin of 2.84%. The company’s quarterly revenue was up 23.8% compared to the same quarter last year. equities analysts expect that Ferroglobe will post 0.13 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. Legal & General Group Plc boosted its position in shares of Ferroglobe by 108.3% during the third quarter. Legal & General Group Plc now owns 10,385 shares of the basic materials company’s stock worth $137,000 after buying an additional 5,400 shares during the period. Invictus RG acquired a new position in shares of Ferroglobe during the third quarter worth about $146,000. Caxton Associates LP acquired a new position in shares of Ferroglobe during the third quarter worth about $151,000. Oppenheimer & Co. Inc. boosted its position in shares of Ferroglobe by 30.6% during the third quarter. Oppenheimer & Co. Inc. now owns 15,912 shares of the basic materials company’s stock worth $209,000 after buying an additional 3,725 shares during the period. Finally, Quantbot Technologies LP boosted its position in shares of Ferroglobe by 77.1% during the third quarter. Quantbot Technologies LP now owns 15,913 shares of the basic materials company’s stock worth $209,000 after buying an additional 6,926 shares during the period. Institutional investors own 39.42% of the company’s stock.
Ferroglobe Company Profile
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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