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.
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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.
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