Ferroglobe (NASDAQ:GSM) Trading Down 6.5% – Time to Sell?

Ferroglobe PLC (NASDAQ:GSM) was down 6.5% during trading on Monday . The stock traded as low as $3.10 and last traded at $3.1150. Approximately 459,764 shares were traded during trading, a decline of 65% from the average session volume of 1,325,999 shares. The stock had previously closed at $3.33.

Ferroglobe Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $581.35 million, a PE ratio of -5.22 and a beta of 1.00. The firm has a 50-day moving average of $4.14 and a two-hundred day moving average of $4.51.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings results on Tuesday, March 31st. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter. Ferroglobe had a negative return on equity of 5.63% and a negative net margin of 8.09%.The firm had revenue of $347.75 million for the quarter. Research analysts anticipate that Ferroglobe PLC will post -0.09 EPS for the current year.

Ferroglobe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 22nd will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 22nd. Ferroglobe’s payout ratio is -10.00%.

Institutional Trading of Ferroglobe

Several institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in shares of Ferroglobe by 87.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,871,942 shares of the basic materials company’s stock worth $22,606,000 after acquiring an additional 2,277,344 shares in the last quarter. Ardsley Advisory Partners LP acquired a new stake in Ferroglobe in the fourth quarter valued at $9,837,000. Geode Capital Management LLC grew its holdings in Ferroglobe by 1,068.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,558,383 shares of the basic materials company’s stock worth $5,719,000 after acquiring an additional 1,424,998 shares in the last quarter. Man Investment Partners US LP bought a new stake in shares of Ferroglobe in the 4th quarter worth about $6,021,000. Finally, Bridgeway Capital Management LLC acquired a new stake in shares of Ferroglobe in the 3rd quarter valued at about $5,872,000. 89.64% of the stock is owned by hedge funds and other institutional investors.

About Ferroglobe

Ferroglobe PLC is a leading producer of specialty metals and alloys, serving a diverse range of industrial customers worldwide. The company’s core operations focus on the manufacture of silicon metal, silicon-based alloys, manganese-based alloys and rare earth alloys, which are essential inputs for the aluminum, steel, chemical and electronics industries. Ferroglobe’s product portfolio includes high-purity silicon, ferrosilicon, silicon manganese, manganese alloys and various recarburizers used to enhance metal strength, durability and conductivity.

With production facilities located across North America, Europe, South America and Africa, Ferroglobe maintains a global footprint that allows it to supply customers on multiple continents.