Ferroglobe (NASDAQ:GSM) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.

Other equities analysts also recently issued reports about the stock. Jefferies Group set a $18.00 price target on shares of Ferroglobe and gave the stock a “buy” rating in a report on Tuesday, November 28th. Zacks Investment Research downgraded shares of Ferroglobe from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. B. Riley reaffirmed a “buy” rating and set a $20.00 price objective (up from $16.00) on shares of Ferroglobe in a report on Wednesday, November 22nd. ValuEngine downgraded shares of Ferroglobe from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, Stifel Nicolaus set a $23.00 price objective on shares of Ferroglobe and gave the company a “buy” rating in a report on Thursday, November 30th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.25.

Ferroglobe (GSM) opened at $15.35 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.80 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2,692.71, a PE ratio of -56.85 and a beta of 1.76. Ferroglobe has a fifty-two week low of $8.54 and a fifty-two week high of $17.61.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings results on Monday, November 27th. The basic materials company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. The company had revenue of $451.60 million for the quarter, compared to the consensus estimate of $435.15 million. Ferroglobe had a negative net margin of 2.84% and a negative return on equity of 0.75%. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. analysts predict that Ferroglobe will post 0.13 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. increased its position in shares of Ferroglobe by 10.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 10,659 shares of the basic materials company’s stock valued at $127,000 after buying an additional 1,011 shares during the period. Legal & General Group Plc increased 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 valued at $137,000 after buying an additional 5,400 shares during the period. Invictus RG bought a new stake in shares of Ferroglobe during the third quarter valued at about $146,000. Caxton Associates LP bought a new stake in shares of Ferroglobe during the third quarter valued at about $151,000. Finally, Quantbot Technologies LP increased 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 valued at $209,000 after buying an additional 6,926 shares during the period. 36.50% of the stock is currently owned by institutional investors and hedge funds.

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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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