Ferroglobe (GSM) Shares Gap Down to $2.17

Share on StockTwits

Ferroglobe PLC (NASDAQ:GSM) gapped down prior to trading on Thursday . The stock had previously closed at $2.24, but opened at $2.17. Ferroglobe shares last traded at $2.08, with a volume of 2737872 shares traded.

A number of equities research analysts recently weighed in on GSM shares. Jefferies Financial Group set a $10.00 target price on shares of Ferroglobe and gave the stock a “buy” rating in a report on Thursday, August 16th. BidaskClub upgraded shares of Ferroglobe from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 21st. Zacks Investment Research upgraded shares of Ferroglobe from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Oppenheimer restated a “buy” rating on shares of Ferroglobe in a report on Thursday, November 15th. Finally, UBS Group lowered shares of Ferroglobe from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 27th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $10.20.

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.68 and a current ratio of 1.92. The company has a market cap of $357.71 million, a P/E ratio of 15.46 and a beta of 1.53.

Large investors have recently bought and sold shares of the business. Fox Run Management L.L.C. purchased a new stake in Ferroglobe in the 3rd quarter valued at about $114,000. Stevens Capital Management LP purchased a new stake in Ferroglobe in the 2nd quarter valued at about $118,000. Paloma Partners Management Co purchased a new stake in Ferroglobe in the 2nd quarter valued at about $161,000. RBF Capital LLC purchased a new stake in Ferroglobe in the 3rd quarter valued at about $169,000. Finally, Trellus Management Company LLC increased its stake in Ferroglobe by 44.6% in the 3rd quarter. Trellus Management Company LLC now owns 27,473 shares of the basic materials company’s stock valued at $224,000 after buying an additional 8,473 shares during the last quarter. Hedge funds and other institutional investors own 42.96% of the company’s stock.

WARNING: This report was posted by Equities Focus and is the property of of Equities Focus. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.equitiesfocus.com/2018/12/08/ferroglobe-gsm-shares-gap-down-to-2-17.html.

Ferroglobe Company Profile (NASDAQ:GSM)

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.

See Also: Book Value Per Share in Stock Trading

Receive News & Ratings for Ferroglobe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferroglobe and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply