Ferroglobe (NASDAQ:GSM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “Ferroglobe PLC provides silicon and specialty metals. It produces silicon metal and silicon and manganese based alloy, serves in the specialty chemical, aluminum, solar, steel and ductile iron foundry industries. Ferroglobe PLC is headquartered in London, the United Kingdom. “

Other equities analysts have also recently issued reports about the stock. B. Riley set a $4.00 price target on shares of Ferroglobe and gave the stock a “buy” rating in a research note on Friday, February 22nd. ValuEngine raised shares of Ferroglobe from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. BidaskClub raised shares of Ferroglobe from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. Finally, Jefferies Financial Group cut shares of Ferroglobe from a “buy” rating to a “hold” rating and set a $2.70 price target on the stock. in a research note on Thursday, February 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Ferroglobe currently has a consensus rating of “Hold” and an average price target of $8.74.

GSM traded down $0.06 during trading on Thursday, hitting $2.23. The stock had a trading volume of 281,178 shares, compared to its average volume of 654,039. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.78. The stock has a market capitalization of $390.39 million, a P/E ratio of 7.96 and a beta of 2.12. Ferroglobe has a twelve month low of $1.47 and a twelve month high of $13.00.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings data on Monday, February 25th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). Ferroglobe had a net margin of 3.94% and a return on equity of 5.59%. The company had revenue of $603.50 million for the quarter, compared to analysts’ expectations of $486.22 million. During the same period in the previous year, the company posted $0.06 EPS. Ferroglobe’s revenue was up 28.9% compared to the same quarter last year. Sell-side analysts predict that Ferroglobe will post -0.22 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Northern Trust Corp grew its stake in Ferroglobe by 2.6% in the 4th quarter. Northern Trust Corp now owns 185,446 shares of the basic materials company’s stock valued at $295,000 after acquiring an additional 4,642 shares during the last quarter. Trellus Management Company LLC grew its stake in Ferroglobe by 20.1% in the 4th quarter. Trellus Management Company LLC now owns 33,000 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 5,527 shares during the last quarter. Geode Capital Management LLC grew its stake in Ferroglobe by 17.9% in the 4th quarter. Geode Capital Management LLC now owns 160,107 shares of the basic materials company’s stock valued at $254,000 after acquiring an additional 24,256 shares during the last quarter. IHT Wealth Management LLC acquired a new stake in Ferroglobe in the 4th quarter valued at about $59,000. Finally, Virtu Financial LLC acquired a new stake in Ferroglobe in the 4th quarter valued at about $71,000. 38.99% of the stock is currently owned by institutional investors and hedge funds.

Ferroglobe Company Profile

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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