Ferroglobe (NASDAQ:GSM) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday.

Several other brokerages have also recently weighed in on GSM. Stifel Nicolaus dropped their price target on shares of Ferroglobe from $19.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, July 13th. Oppenheimer reaffirmed a “buy” rating on shares of Ferroglobe in a research report on Tuesday, May 8th. TheStreet cut shares of Ferroglobe from a “b” rating to a “c-” rating in a research report on Monday, May 7th. Zacks Investment Research raised shares of Ferroglobe from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Finally, ValuEngine cut shares of Ferroglobe from a “sell” rating to a “strong sell” rating in a research report on Friday, June 15th. Three equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. Ferroglobe presently has an average rating of “Hold” and an average target price of $15.33.

Shares of GSM opened at $8.03 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.54 and a quick ratio of 0.66. The stock has a market capitalization of $1.26 billion, a PE ratio of 61.77 and a beta of 1.50. Ferroglobe has a one year low of $6.75 and a one year high of $17.61.

Ferroglobe (NASDAQ:GSM) last issued its earnings results on Monday, May 21st. The basic materials company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $560.70 million during the quarter, compared to the consensus estimate of $559.12 million. Ferroglobe had a return on equity of 6.86% and a net margin of 3.59%. sell-side analysts forecast that Ferroglobe will post 0.87 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC lifted its position in Ferroglobe by 22.1% in the 2nd quarter. Millennium Management LLC now owns 6,839,987 shares of the basic materials company’s stock valued at $58,619,000 after acquiring an additional 1,237,649 shares in the last quarter. Ardsley Advisory Partners lifted its position in shares of Ferroglobe by 95.0% during the 2nd quarter. Ardsley Advisory Partners now owns 390,000 shares of the basic materials company’s stock worth $3,342,000 after buying an additional 190,000 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Ferroglobe during the 2nd quarter worth approximately $161,000. Macquarie Group Ltd. lifted its position in shares of Ferroglobe by 25.7% during the 2nd quarter. Macquarie Group Ltd. now owns 285,034 shares of the basic materials company’s stock worth $2,443,000 after buying an additional 58,336 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Ferroglobe by 32.4% during the 2nd quarter. Raymond James & Associates now owns 178,549 shares of the basic materials company’s stock worth $1,530,000 after buying an additional 43,678 shares in the last quarter. 42.25% of the stock is currently owned by institutional investors and hedge funds.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicone chemicals used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.

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