Ferroglobe (NASDAQ:GSM) announced its quarterly earnings results on Monday. The basic materials company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02), Briefing.com reports. The firm had revenue of $456.79 million during the quarter, compared to analyst estimates of $481.09 million. Ferroglobe had a net margin of 3.94% and a return on equity of 5.67%. Ferroglobe’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 EPS.

Ferroglobe stock opened at $1.51 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $250.30 million, a PE ratio of 5.39 and a beta of 2.26. Ferroglobe has a 12-month low of $1.44 and a 12-month high of $10.80.

Several research analysts have recently issued reports on the stock. BidaskClub cut shares of Ferroglobe from a “sell” rating to a “strong sell” rating in a report on Friday, May 24th. B. Riley set a $4.00 price objective on shares of Ferroglobe and gave the company a “buy” rating in a report on Friday, May 17th. Zacks Investment Research upgraded shares of Ferroglobe from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, ValuEngine cut shares of Ferroglobe from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.18.

An institutional investor recently raised its position in Ferroglobe stock. Geode Capital Management LLC raised its holdings in shares of Ferroglobe PLC (NASDAQ:GSM) by 17.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 160,107 shares of the basic materials company’s stock after buying an additional 24,256 shares during the period. Geode Capital Management LLC owned about 0.09% of Ferroglobe worth $254,000 as of its most recent SEC filing. Institutional investors and hedge funds own 37.39% of the company’s stock.

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Ferroglobe Company Profile

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.

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Earnings History for Ferroglobe (NASDAQ:GSM)

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