Ferroglobe (NASDAQ:GSM) Trading Up 4.5% – Still a Buy?

Ferroglobe PLC (NASDAQ:GSM) shares rose 4.5% on Monday . The stock traded as high as $3.64 and last traded at $3.64. Approximately 461,725 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 714,196 shares. The stock had previously closed at $3.48.

Wall Street Analyst Weigh In

GSM has been the topic of several research reports. Seaport Res Ptn lowered Ferroglobe from a “strong-buy” rating to a “hold” rating in a research report on Monday. StockNews.com downgraded Ferroglobe from a “buy” rating to a “hold” rating in a report on Friday, February 21st.

Ferroglobe Trading Up 0.3 %

The firm has a market capitalization of $676.39 million, a PE ratio of 180.00 and a beta of 1.83. The firm has a fifty day moving average of $3.90 and a 200 day moving average of $4.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.82.

Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. The company had revenue of $367.51 million for the quarter, compared to analyst estimates of $393.00 million. Equities research analysts expect that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 20th will be given a dividend of $0.014 per share. This is a boost from Ferroglobe’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, March 20th. Ferroglobe’s payout ratio is presently 250.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in shares of Ferroglobe during the fourth quarter worth $37,000. Raymond James Financial Inc. acquired a new position in shares of Ferroglobe during the fourth quarter worth $42,000. LPL Financial LLC acquired a new position in shares of Ferroglobe during the fourth quarter worth $42,000. Barclays PLC acquired a new position in shares of Ferroglobe during the third quarter worth $44,000. Finally, RPO LLC acquired a new position in shares of Ferroglobe during the fourth quarter worth $53,000. 89.64% of the stock is owned by institutional investors and hedge funds.

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.