Ferroglobe (NASDAQ:GSM) Sets New 1-Year Low – Time to Sell?

Ferroglobe PLC (NASDAQ:GSM) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.52 and last traded at $3.5730, with a volume of 168694 shares changing hands. The stock had previously closed at $3.58.

Ferroglobe Stock Down 4.6%

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.43 and a quick ratio of 0.80. The company has a fifty day moving average price of $4.18 and a 200 day moving average price of $4.53. The company has a market cap of $637.34 million, a PE ratio of -5.69 and a beta of 1.00.

Ferroglobe (NASDAQ:GSM) last announced its earnings results on Tuesday, March 31st. The basic materials company reported ($0.07) earnings per share for the quarter. Ferroglobe had a negative net margin of 8.09% and a negative return on equity of 5.63%. The company had revenue of $347.75 million during the quarter. As a group, analysts anticipate that Ferroglobe PLC will post -0.09 EPS for the current year.

Ferroglobe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 22nd will be issued a $0.015 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.8%. Ferroglobe’s dividend payout ratio is presently -10.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GSM. SG Americas Securities LLC increased its stake in Ferroglobe by 22.0% in the fourth quarter. SG Americas Securities LLC now owns 14,509 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 2,617 shares during the last quarter. Covestor Ltd lifted its stake in Ferroglobe by 23.2% during the fourth quarter. Covestor Ltd now owns 14,160 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 2,670 shares during the last quarter. Spire Wealth Management lifted its stake in Ferroglobe by 49.0% during the fourth quarter. Spire Wealth Management now owns 8,334 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 2,740 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Ferroglobe by 66.1% in the 4th quarter. Quadrant Capital Group LLC now owns 7,902 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 3,146 shares in the last quarter. Finally, R Squared Ltd boosted its holdings in shares of Ferroglobe by 35.8% in the 3rd quarter. R Squared Ltd now owns 13,941 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 3,677 shares in the last quarter. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

Ferroglobe Company Profile

Ferroglobe PLC is a leading producer of specialty metals and alloys, serving a diverse range of industrial customers worldwide. The company’s core operations focus on the manufacture of silicon metal, silicon-based alloys, manganese-based alloys and rare earth alloys, which are essential inputs for the aluminum, steel, chemical and electronics industries. Ferroglobe’s product portfolio includes high-purity silicon, ferrosilicon, silicon manganese, manganese alloys and various recarburizers used to enhance metal strength, durability and conductivity.

With production facilities located across North America, Europe, South America and Africa, Ferroglobe maintains a global footprint that allows it to supply customers on multiple continents.