Ferroglobe (NASDAQ:GSM) Stock Rating Lowered by StockNews.com

Ferroglobe (NASDAQ:GSM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Ferroglobe Stock Performance

Ferroglobe stock opened at $3.49 on Friday. Ferroglobe has a 12-month low of $3.45 and a 12-month high of $6.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00. The company has a market capitalization of $654.78 million, a price-to-earnings ratio of 174.25 and a beta of 1.83. The firm’s fifty day moving average price is $3.92 and its 200 day moving average price is $4.22.

Ferroglobe (NASDAQ:GSM) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $367.51 million during the quarter, compared to analysts’ expectations of $393.00 million. Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. On average, research analysts forecast that Ferroglobe will post 0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Ferroglobe

Several institutional investors have recently modified their holdings of the company. Cooper Creek Partners Management LLC raised its stake in Ferroglobe by 2.0% during the 4th quarter. Cooper Creek Partners Management LLC now owns 14,990,483 shares of the basic materials company’s stock valued at $56,964,000 after acquiring an additional 291,201 shares in the last quarter. Hosking Partners LLP increased its holdings in shares of Ferroglobe by 1.8% during the fourth quarter. Hosking Partners LLP now owns 9,004,298 shares of the basic materials company’s stock valued at $34,216,000 after purchasing an additional 159,845 shares during the period. Wolf Hill Capital Management LP raised its stake in shares of Ferroglobe by 11.0% during the fourth quarter. Wolf Hill Capital Management LP now owns 7,236,693 shares of the basic materials company’s stock valued at $27,499,000 after purchasing an additional 714,726 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in Ferroglobe by 852.2% in the fourth quarter. Donald Smith & CO. Inc. now owns 5,951,051 shares of the basic materials company’s stock worth $22,614,000 after purchasing an additional 5,326,051 shares during the period. Finally, Old West Investment Management LLC lifted its holdings in Ferroglobe by 233.4% in the third quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company’s stock worth $17,439,000 after purchasing an additional 2,631,024 shares during the period. Institutional investors own 89.64% of the company’s stock.

About Ferroglobe

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.