Ferroglobe (GSM) Posts Earnings Results
Ferroglobe (NASDAQ:GSM) announced its earnings results on Monday. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.02), Briefing.com reports. Ferroglobe had a return on equity of 5.67% and a net margin of 3.94%. The business had revenue of $456.79 million for the quarter, compared to analyst estimates of $481.09 million. During the same quarter in the previous year, the company earned $0.19 EPS. The business’s revenue for the quarter was down 18.5% on a year-over-year basis.
NASDAQ GSM opened at $1.51 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The company has a market cap of $250.30 million, a P/E ratio of 5.39 and a beta of 2.26. Ferroglobe has a 1 year low of $1.44 and a 1 year high of $10.80.
An institutional investor recently raised its position in Ferroglobe stock. Geode Capital Management LLC boosted its stake in Ferroglobe PLC (NASDAQ:GSM) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,107 shares of the basic materials company’s stock after purchasing an additional 24,256 shares during the period. Geode Capital Management LLC owned about 0.09% of Ferroglobe worth $254,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 37.39% of the company’s stock.
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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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