Ferroglobe (NASDAQ:GSM) Trading Up 9.6% – Should You Buy?

Shares of Ferroglobe PLC (NASDAQ:GSM) traded up 9.6% on Monday . The company traded as high as $4.23 and last traded at $4.18. 262,674 shares changed hands during trading, a decline of 56% from the average session volume of 590,733 shares. The stock had previously closed at $3.81.

Ferroglobe Trading Up 2.2 %

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.83. The stock has a market cap of $772.19 million, a P/E ratio of 17.13 and a beta of 1.83. The company has a 50-day simple moving average of $3.98 and a 200-day simple moving average of $4.29.

Institutional Investors Weigh In On Ferroglobe

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in shares of Ferroglobe during the third quarter valued at approximately $44,000. Heck Capital Advisors LLC acquired a new stake in shares of Ferroglobe in the 4th quarter valued at $37,000. Raymond James Financial Inc. acquired a new position in shares of Ferroglobe during the fourth quarter valued at $42,000. LPL Financial LLC bought a new position in Ferroglobe in the fourth quarter valued at about $42,000. Finally, Quantbot Technologies LP acquired a new stake in Ferroglobe in the fourth quarter worth about $77,000. Institutional investors own 89.64% of the company’s stock.

Ferroglobe Company Profile

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.