Ferroglobe Downgraded to Hold by StockNews.com

On Friday, StockNews.com announced a downgrade of Ferroglobe (NASDAQ:GSM) from a previous "buy" rating to a "hold" rating in a research report targeting investors.

Ferroglobe Shares Decline

Following the report, Ferroglobe's shares fell by 4.0%, with prices dropping to $3.49. On that day, the trading volume was 1,409,395 shares, significantly higher than its average trading volume of 726,241. The company's 50-day moving average is currently $3.93, while the two-hundred day moving average stands at $4.23. Ferroglobe has a low debt-to-equity ratio of 0.02, indicating a strong leverage position, alongside a current ratio of 1.83 and a quick ratio of 1.00. Its market capitalization is approximately $654.76 million with a PE ratio of 174.25, and a beta of 1.83. The stock has seen a one-year low of $3.45 and a high of $6.19.

Quarterly Earnings Report

Ferroglobe last released its quarterly earnings data on February 19, where it reported earnings of $0.03 per share (EPS), surpassing analysts' estimates of a loss of ($0.01) by $0.04. The company showed a return on equity of 6.24% and a net margin of 0.32%. During the quarter, Ferroglobe generated revenue of $367.51 million, falling short of the expected $393.00 million. Analysts are anticipating an EPS of 0.49 for the current fiscal year as projections are being established.

Institutional Investment Activity

Various institutional investors have been active traders of Ferroglobe's stock recently. Notably, Heck Capital Advisors LLC acquired a new stake in the company during the fourth quarter worth approximately $37,000. Raymond James Financial Inc. also bought a stake valued at around $42,000. Other investors include LPL Financial LLC and Barclays PLC, both purchasing new positions in Ferroglobe during the fourth quarter, each around $42,000 and $44,000 respectively. RPO LLC likewise added a new stake worth approximately $53,000. Institutions hold around 89.64% of Ferroglobe's stock, indicating a strong institutional interest in the company.

Company Overview

Ferroglobe PLC specializes in producing and selling silicon metal, as well as silicon and manganese-based ferroalloys. The company operates in the United States, Europe, and other international markets. Ferroglobe's products include silicone chemicals used in various applications, such as personal care items, construction materials, health care products, and electronics. The company also supplies silicon metal for primary and secondary aluminum producers.

Investment Consideration

Before making any investment decisions regarding Ferroglobe, it's crucial for investors to consider various analytical opinions and market conditions. Currently, while analysts recommend holding Ferroglobe shares, there are other investment opportunities that may present better returns.

Ferroglobe, stock, investment