Ferroglobe (NASDAQ:GSM) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other research firms also recently issued reports on GSM. Zacks Investment Research downgraded shares of Ferroglobe from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Jefferies Group set a $18.00 price objective on shares of Ferroglobe and gave the stock a “buy” rating in a report on Tuesday, November 28th. Stifel Nicolaus boosted their price objective on shares of Ferroglobe from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, B. Riley reissued a “buy” rating and issued a $20.00 target price (up previously from $16.00) on shares of Ferroglobe in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Ferroglobe has an average rating of “Hold” and a consensus target price of $19.25.

Ferroglobe (NASDAQ GSM) traded up $0.05 during trading hours on Friday, hitting $16.13. 748,830 shares of the stock traded hands, compared to its average volume of 637,411. Ferroglobe has a one year low of $8.54 and a one year high of $17.61. The company has a current ratio of 1.80, a quick ratio of 1.09 and a debt-to-equity ratio of 0.45.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its stake in Ferroglobe by 10.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,659 shares of the basic materials company’s stock valued at $127,000 after acquiring an additional 1,011 shares during the period. Legal & General Group Plc increased its stake in Ferroglobe by 108.3% in the third quarter. Legal & General Group Plc now owns 10,385 shares of the basic materials company’s stock valued at $137,000 after acquiring an additional 5,400 shares during the period. Invictus RG bought a new stake in Ferroglobe in the third quarter valued at about $146,000. Caxton Associates LP bought a new stake in Ferroglobe during the third quarter worth about $151,000. Finally, Budros Ruhlin & Roe Inc. grew its stake in Ferroglobe by 17.2% during the second quarter. Budros Ruhlin & Roe Inc. now owns 13,603 shares of the basic materials company’s stock worth $163,000 after buying an additional 2,000 shares during the last quarter. 36.61% of the stock is currently owned by institutional investors and hedge funds.

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About Ferroglobe

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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