Ferroglobe (NASDAQ:GSM) Stock Rating Upgraded by Wall Street Zen

Ferroglobe (NASDAQ:GSM) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings lowered Ferroglobe from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.00.

Ferroglobe Stock Performance

Ferroglobe stock opened at $4.49 on Friday. The stock’s 50 day simple moving average is $3.60 and its two-hundred day simple moving average is $4.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.29. The stock has a market cap of $837.97 million, a price-to-earnings ratio of -20.41 and a beta of 1.02. Ferroglobe has a fifty-two week low of $3.08 and a fifty-two week high of $5.74.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Hosking Partners LLP grew its holdings in Ferroglobe by 3.1% in the fourth quarter. Hosking Partners LLP now owns 11,215,616 shares of the basic materials company’s stock worth $52,040,000 after purchasing an additional 341,194 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Ferroglobe by 87.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,871,942 shares of the basic materials company’s stock valued at $22,606,000 after purchasing an additional 2,277,344 shares during the last quarter. Old West Investment Management LLC lifted its holdings in shares of Ferroglobe by 17.3% during the fourth quarter. Old West Investment Management LLC now owns 3,798,781 shares of the basic materials company’s stock valued at $17,626,000 after purchasing an additional 560,867 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Ferroglobe by 13.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,141,909 shares of the basic materials company’s stock worth $9,746,000 after purchasing an additional 250,982 shares in the last quarter. Finally, Ardsley Advisory Partners LP bought a new stake in shares of Ferroglobe in the 4th quarter worth approximately $9,837,000. 89.64% of the stock is owned by hedge funds and other institutional investors.

Ferroglobe Company Profile

Ferroglobe PLC is a leading producer of specialty metals and alloys, serving a diverse range of industrial customers worldwide. The company’s core operations focus on the manufacture of silicon metal, silicon-based alloys, manganese-based alloys and rare earth alloys, which are essential inputs for the aluminum, steel, chemical and electronics industries. Ferroglobe’s product portfolio includes high-purity silicon, ferrosilicon, silicon manganese, manganese alloys and various recarburizers used to enhance metal strength, durability and conductivity.

With production facilities located across North America, Europe, South America and Africa, Ferroglobe maintains a global footprint that allows it to supply customers on multiple continents.