Ferroglobe PLC (NASDAQ:GSM)’s share price traded up 7.4% during trading on Friday . The stock traded as high as $1.32 and last traded at $1.30, 961,200 shares traded hands during trading. An increase of 31% from the average session volume of 735,481 shares. The stock had previously closed at $1.21.

Several equities analysts recently commented on the company. Zacks Investment Research lowered Ferroglobe from a “hold” rating to a “sell” rating in a research report on Monday. BidaskClub raised Ferroglobe from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 11th. ValuEngine raised Ferroglobe from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, B. Riley set a $5.00 target price on Ferroglobe and gave the company a “buy” rating in a research report on Wednesday, June 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.57.

The stock has a 50-day simple moving average of $1.33 and a 200-day simple moving average of $1.82. The company has a market capitalization of $208.02 million, a price-to-earnings ratio of 4.64 and a beta of 2.27. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.

Ferroglobe (NASDAQ:GSM) last announced its earnings results on Tuesday, September 3rd. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.01). Ferroglobe had a negative net margin of 4.12% and a negative return on equity of 5.69%. The business had revenue of $409.47 million during the quarter, compared to analyst estimates of $446.01 million. During the same period in the previous year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was down 29.1% on a year-over-year basis. On average, research analysts forecast that Ferroglobe PLC will post -0.59 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. United Services Automobile Association raised its position in shares of Ferroglobe by 3.7% in the 2nd quarter. United Services Automobile Association now owns 550,965 shares of the basic materials company’s stock valued at $937,000 after purchasing an additional 19,574 shares in the last quarter. Citadel Advisors LLC increased its holdings in Ferroglobe by 211.6% in the second quarter. Citadel Advisors LLC now owns 72,635 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 137,735 shares during the period. Invesco Ltd. increased its holdings in Ferroglobe by 255.3% in the second quarter. Invesco Ltd. now owns 1,757,843 shares of the basic materials company’s stock valued at $2,988,000 after purchasing an additional 1,263,094 shares during the period. Ardsley Advisory Partners LP increased its holdings in Ferroglobe by 150.0% in the second quarter. Ardsley Advisory Partners LP now owns 200,000 shares of the basic materials company’s stock valued at $340,000 after purchasing an additional 120,000 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in Ferroglobe by 69.7% in the second quarter. Parametric Portfolio Associates LLC now owns 19,561 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 8,033 shares during the period. 35.34% of the stock is currently owned by institutional investors.

About Ferroglobe (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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