Ferroglobe PLC (GSM) Getting Favorable Press Coverage, Analysis Finds
Headlines about Ferroglobe PLC (NASDAQ:GSM) have trended positive recently, AlphaOne reports. AlphaOne, a division of Accern, ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ferroglobe PLC earned a coverage optimism score of 0.31 on AlphaOne’s scale. AlphaOne also assigned news stories about the basic materials company an impact score of 100 out of 100, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the next several days.
Shares of Ferroglobe PLC (NASDAQ:GSM) traded up 3.22% on Friday, reaching $9.30. 195,406 shares of the company were exchanged. The stock’s market capitalization is $1.60 billion. The firm has a 50 day moving average price of $9.58 and a 200-day moving average price of $10.43. Ferroglobe PLC has a 12-month low of $7.67 and a 12-month high of $12.53.
A number of brokerages recently issued reports on GSM. ValuEngine raised shares of Ferroglobe PLC from a “sell” rating to a “hold” rating in a research note on Tuesday. Jefferies Group LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Ferroglobe PLC in a research note on Thursday, May 11th. Zacks Investment Research raised shares of Ferroglobe PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Finally, B. Riley reissued a “buy” rating and issued a $14.25 price objective on shares of Ferroglobe PLC in a research note on Wednesday, March 22nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $12.54.
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About Ferroglobe PLC
Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy.
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