Ferroglobe (NASDAQ:GSM) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday, BidAskClub reports.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Jefferies Financial Group lowered shares of Ferroglobe from a “buy” rating to a “hold” rating and set a $2.70 price target on the stock. in a research note on Thursday, February 14th. ValuEngine raised shares of Ferroglobe from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Finally, B. Riley set a $4.00 price target on shares of Ferroglobe and gave the company a “buy” rating in a research note on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.74.

Shares of Ferroglobe stock opened at $2.35 on Tuesday. The stock has a market capitalization of $404.15 million, a P/E ratio of 8.39 and a beta of 2.12. Ferroglobe has a twelve month low of $1.47 and a twelve month high of $13.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.78.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings results on Monday, February 25th. The basic materials company reported ($0.05) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.05). The firm had revenue of $603.50 million for the quarter, compared to analyst estimates of $486.22 million. Ferroglobe had a net margin of 3.94% and a return on equity of 5.59%. Ferroglobe’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period last year, the company posted $0.06 EPS. Sell-side analysts forecast that Ferroglobe will post -0.22 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Ferroglobe by 2.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,237,407 shares of the basic materials company’s stock worth $9,917,000 after buying an additional 172,102 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ferroglobe by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,397,692 shares of the basic materials company’s stock worth $6,993,000 after buying an additional 199,408 shares during the last quarter. Boston Partners increased its holdings in shares of Ferroglobe by 3.9% during the 4th quarter. Boston Partners now owns 2,968,686 shares of the basic materials company’s stock worth $4,721,000 after buying an additional 110,118 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Ferroglobe by 20.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,955,111 shares of the basic materials company’s stock worth $4,698,000 after buying an additional 506,039 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. acquired a new stake in shares of Ferroglobe during the 4th quarter worth approximately $2,980,000. 38.99% of the stock is currently owned by institutional investors and hedge funds.

About Ferroglobe

Ferroglobe PLC engages in the production of silicon metal, silicon-based specialty alloys, and ferroalloys. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.

Further Reading: Earnings Per Share

Analyst Recommendations for Ferroglobe (NASDAQ:GSM)

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