Ferroglobe PLC (NASDAQ:GSM) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 1,917 call options on the stock. This represents an increase of approximately 3,205% compared to the average volume of 58 call options.
Shares of Ferroglobe (GSM) opened at $14.50 on Friday. Ferroglobe has a 12 month low of $8.54 and a 12 month high of $17.61. The company has a market cap of $2,512.27, a P/E ratio of -53.70 and a beta of 1.54. The company has a quick ratio of 1.09, a current ratio of 1.80 and a debt-to-equity ratio of 0.45.
Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings results on Monday, November 27th. The basic materials company reported $0.05 EPS for the quarter, beating 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 analyst estimates of $435.15 million. The business’s revenue was up 23.8% compared to the same quarter last year. equities research analysts forecast that Ferroglobe will post 0.13 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of Ferroglobe from a “strong sell” rating to a “sell” rating in a research note on Monday. Zacks Investment Research lowered shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 30th. ValuEngine lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Stifel Nicolaus set a $23.00 price target on shares of Ferroglobe and gave the company a “buy” rating in a research note on Thursday, November 30th. Finally, B. Riley restated a “buy” rating and issued a $20.00 price target (up previously from $16.00) on shares of Ferroglobe in a research note on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.25.
TRADEMARK VIOLATION NOTICE: “Traders Purchase Large Volume of Ferroglobe Call Options (GSM)” was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/02/09/traders-purchase-large-volume-of-ferroglobe-call-options-gsm.html.
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.
Receive News & Ratings for Ferroglobe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferroglobe and related companies with MarketBeat.com's FREE daily email newsletter.