ValuEngine downgraded shares of Ferroglobe (NASDAQ:GSM) from a hold rating to a sell rating in a report published on Friday morning.

Other analysts also recently issued reports about the company. B. Riley restated a buy rating and issued a $16.00 target price on shares of Ferroglobe in a research note on Sunday, September 3rd. Stifel Nicolaus restated a buy rating on shares of Ferroglobe in a research note on Sunday, September 3rd. Jefferies Group restated a buy rating and issued a $16.75 target price (down from $17.00) on shares of Ferroglobe in a research note on Thursday, August 31st. Zacks Investment Research upgraded Ferroglobe from a hold rating to a buy rating and set a $15.00 target price for the company in a research note on Wednesday, August 23rd. Finally, BidaskClub downgraded Ferroglobe from a strong-buy rating to a buy rating in a research note on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $19.25.

Shares of Ferroglobe (GSM) traded down $0.25 during trading on Friday, reaching $16.07. The company’s stock had a trading volume of 510,409 shares, compared to its average volume of 570,081. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.42. Ferroglobe has a 52-week low of $8.54 and a 52-week high of $16.50.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings results on Monday, November 27th. The basic materials company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. Ferroglobe had a negative return on equity of 0.75% and a negative net margin of 2.84%. The firm had revenue of $451.60 million during the quarter, compared to the consensus estimate of $435.15 million. The firm’s revenue was up 23.8% on a year-over-year basis. sell-side analysts forecast that Ferroglobe will post 0.13 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Boston Partners lifted its position in Ferroglobe by 8.3% in the 2nd quarter. Boston Partners now owns 4,335,985 shares of the basic materials company’s stock valued at $51,814,000 after acquiring an additional 333,141 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Ferroglobe by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,249,451 shares of the basic materials company’s stock valued at $55,922,000 after acquiring an additional 109,552 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in Ferroglobe by 15.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,222,024 shares of the basic materials company’s stock valued at $27,493,000 after acquiring an additional 431,473 shares in the last quarter. Deprince Race & Zollo Inc. lifted its position in Ferroglobe by 0.3% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 2,701,416 shares of the basic materials company’s stock valued at $35,551,000 after acquiring an additional 7,563 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Ferroglobe by 65.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,705,167 shares of the basic materials company’s stock valued at $20,377,000 after acquiring an additional 676,104 shares in the last quarter. 36.62% of the stock is currently owned by institutional investors and hedge funds.

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Ferroglobe Company Profile

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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