Ferroglobe (NASDAQ:GSM) Stock Rating Upgraded by StockNews.com

Ferroglobe (NASDAQ:GSM) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Ferroglobe Trading Up 2.3 %

Shares of Ferroglobe stock opened at $4.94 on Tuesday. The firm has a market capitalization of $925.90 million, a PE ratio of 10.74 and a beta of 2.00. Ferroglobe has a twelve month low of $3.95 and a twelve month high of $6.78. The firm’s 50-day moving average price is $4.93 and its 200 day moving average price is $5.26. The company has a current ratio of 2.10, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The firm had revenue of $375.95 million for the quarter, compared to analyst estimates of $318.80 million. Ferroglobe had a net margin of 5.29% and a return on equity of 16.74%. On average, sell-side analysts predict that Ferroglobe will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Wolf Hill Capital Management LP increased its holdings in shares of Ferroglobe by 12.8% during the 2nd quarter. Wolf Hill Capital Management LP now owns 10,576,354 shares of the basic materials company’s stock worth $50,449,000 after buying an additional 1,199,124 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Ferroglobe by 32.5% during the 4th quarter. Millennium Management LLC now owns 5,408,473 shares of the basic materials company’s stock worth $20,823,000 after buying an additional 1,327,742 shares during the last quarter. Hosking Partners LLP increased its holdings in shares of Ferroglobe by 19.3% during the 3rd quarter. Hosking Partners LLP now owns 5,195,665 shares of the basic materials company’s stock worth $27,017,000 after buying an additional 840,629 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Ferroglobe by 3.4% during the 4th quarter. Marshall Wace LLP now owns 4,610,322 shares of the basic materials company’s stock worth $17,750,000 after buying an additional 150,728 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of Ferroglobe by 5.8% during the 3rd quarter. Boston Partners now owns 4,252,458 shares of the basic materials company’s stock worth $22,113,000 after buying an additional 233,114 shares during the last quarter. 89.64% of the stock is owned by hedge funds and other institutional investors.

About Ferroglobe

Ferroglobe PLC operates in the silicon and specialty metals industry 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, 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.