Ferroglobe (NASDAQ:GSM) Raised to Hold at Wall Street Zen

Ferroglobe (NASDAQ:GSM) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Seaport Res Ptn lowered shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a report on Monday, February 24th.

Ferroglobe Price Performance

Shares of NASDAQ:GSM opened at $3.64 on Friday. The company’s fifty day moving average price is $3.60 and its 200-day moving average price is $3.85. The firm has a market capitalization of $679.32 million, a price-to-earnings ratio of 182.00 and a beta of 1.69. Ferroglobe has a one year low of $2.97 and a one year high of $6.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.08). Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. The company had revenue of $307.18 million during the quarter, compared to the consensus estimate of $336.00 million. On average, equities research analysts anticipate that Ferroglobe will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ferroglobe

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of Ferroglobe by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 225,629 shares of the basic materials company’s stock valued at $857,000 after purchasing an additional 2,760 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in Ferroglobe by 2.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 136,756 shares of the basic materials company’s stock valued at $507,000 after buying an additional 3,697 shares during the period. New York State Common Retirement Fund boosted its position in Ferroglobe by 48.9% during the 4th quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company’s stock valued at $84,000 after buying an additional 7,271 shares during the period. Qtron Investments LLC boosted its position in Ferroglobe by 49.7% during the 4th quarter. Qtron Investments LLC now owns 22,268 shares of the basic materials company’s stock valued at $85,000 after buying an additional 7,396 shares during the period. Finally, XTX Topco Ltd boosted its position in Ferroglobe by 23.0% during the 4th quarter. XTX Topco Ltd now owns 39,653 shares of the basic materials company’s stock valued at $151,000 after buying an additional 7,427 shares during the period. Institutional investors own 89.64% of the company’s stock.

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.