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.

A number of research analysts have issued reports on GSM shares. Zacks Investment Research lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a research report on Monday, February 18th. BidaskClub lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. ValuEngine upgraded shares of Ferroglobe from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. B. Riley set a $4.00 price target on shares of Ferroglobe and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, Jefferies Financial Group lowered shares of Ferroglobe from a “buy” rating to a “hold” rating and set a $2.70 price target on the stock. in a research report on Thursday, February 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Ferroglobe has a consensus rating of “Hold” and a consensus price target of $7.18.

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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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Earnings History for Ferroglobe (NASDAQ:GSM)

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