Zacks Investment Research lowered shares of Ferroglobe (NASDAQ:GSM) from a hold rating to a sell rating in a research note issued to investors on Monday.

According to Zacks, “Ferroglobe PLC provides silicon and specialty metals. It produces silicon metal and silicon and manganese based alloy, serves in the specialty chemical, aluminum, solar, steel and ductile iron foundry industries. Ferroglobe PLC is headquartered in London, the United Kingdom. “

Several other research analysts also recently issued reports on the stock. BidaskClub upgraded shares of Ferroglobe from a strong sell rating to a sell rating in a research report on Tuesday, August 21st. Jefferies Financial Group set a $10.00 price target on shares of Ferroglobe and gave the stock a buy rating in a research report on Thursday, August 16th. Finally, Oppenheimer reiterated a buy rating on shares of Ferroglobe in a research report on Thursday, November 15th. Three research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. Ferroglobe has a consensus rating of Hold and an average target price of $15.20.

Shares of NASDAQ:GSM opened at $5.10 on Monday. Ferroglobe has a 52 week low of $5.01 and a 52 week high of $17.61. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.68 and a current ratio of 1.75. The firm has a market capitalization of $921.79 million, a PE ratio of 39.23 and a beta of 1.67.

Ferroglobe (NASDAQ:GSM) last issued its earnings results on Tuesday, August 21st. The basic materials company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.05). Ferroglobe had a net margin of 6.44% and a return on equity of 8.53%. The firm had revenue of $583.00 million during the quarter, compared to analyst estimates of $608.91 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. On average, sell-side analysts forecast that Ferroglobe will post 0.64 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of GSM. Fox Run Management L.L.C. acquired a new position in Ferroglobe during the 3rd quarter valued at about $114,000. Stevens Capital Management LP acquired a new position in Ferroglobe during the 2nd quarter valued at about $118,000. Paloma Partners Management Co acquired a new position in Ferroglobe during the 2nd quarter valued at about $161,000. Trellus Management Company LLC acquired a new position in Ferroglobe during the 2nd quarter valued at about $163,000. Finally, RBF Capital LLC acquired a new position in Ferroglobe during the 3rd quarter valued at about $169,000. Institutional investors and hedge funds own 42.52% of the company’s stock.

About Ferroglobe

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicone chemicals used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.

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