Ferroglobe (NASDAQ:GSM) released its quarterly earnings results on Monday. The basic materials company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.08, Fidelity Earnings reports. Ferroglobe had a negative return on equity of 5.69% and a negative net margin of 4.12%. The company had revenue of $381.75 million during the quarter, compared to the consensus estimate of $397.30 million.
GSM traded down $0.06 during midday trading on Tuesday, hitting $0.65. The company’s stock had a trading volume of 3,100 shares, compared to its average volume of 462,564. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The firm has a market cap of $108.02 million, a P/E ratio of 2.32 and a beta of 2.18. The firm has a 50-day moving average price of $0.64 and a two-hundred day moving average price of $1.24. Ferroglobe has a 52-week low of $0.51 and a 52-week high of $3.01.
A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus lowered shares of Ferroglobe from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Zacks Investment Research upgraded shares of Ferroglobe from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, ValuEngine raised shares of Ferroglobe from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $3.85.
Ferroglobe Company Profile
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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