Ferroglobe (NASDAQ:GSM) posted its earnings results on Monday. The basic materials company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.08, Fidelity Earnings reports. The business had revenue of $381.75 million for the quarter, compared to analysts’ expectations of $397.30 million. Ferroglobe had a negative net margin of 4.12% and a negative return on equity of 5.69%.
Shares of GSM traded down $0.06 during trading on Tuesday, reaching $0.65. The company’s stock had a trading volume of 4,000 shares, compared to its average volume of 462,564. The company has a market cap of $108.02 million, a price-to-earnings ratio of 2.30 and a beta of 2.18. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $0.64 and a two-hundred day moving average of $1.24. Ferroglobe has a twelve month low of $0.51 and a twelve month high of $3.01.
Several research analysts have recently weighed in on the stock. Stifel Nicolaus downgraded shares of Ferroglobe from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Zacks Investment Research raised shares of Ferroglobe from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, ValuEngine upgraded shares of Ferroglobe from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Ferroglobe currently has a consensus rating of “Hold” and an average price target of $3.85.
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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