Ferroglobe (GSM) Downgraded by BidaskClub to “Sell”

BidaskClub lowered shares of Ferroglobe (NASDAQ:GSM) from a hold rating to a sell rating in a report released on Friday morning.

GSM has been the subject of several other reports. Stifel Nicolaus set a $23.00 target price on Ferroglobe and gave the company a buy rating in a report on Thursday, November 30th. ValuEngine lowered Ferroglobe from a hold rating to a sell rating in a report on Thursday, March 1st. Zacks Investment Research lowered Ferroglobe from a hold rating to a strong sell rating in a report on Wednesday, February 28th. B. Riley reaffirmed a buy rating and issued a $20.00 target price (up from $16.00) on shares of Ferroglobe in a report on Wednesday, November 29th. Finally, Jefferies Group set a $18.00 price objective on Ferroglobe and gave the company a buy rating in a research note on Tuesday, November 28th. Three equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. Ferroglobe presently has a consensus rating of Hold and an average price target of $19.50.

Shares of Ferroglobe (GSM) traded down $3.43 on Friday, reaching $11.09. The company’s stock had a trading volume of 8,586,452 shares, compared to its average volume of 659,425. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.09. The company has a market cap of $2,495.09, a price-to-earnings ratio of 73.90 and a beta of 1.35. Ferroglobe has a 1 year low of $8.54 and a 1 year high of $17.61.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings data on Monday, February 26th. The basic materials company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $468.22 million for the quarter, compared to the consensus estimate of $463.41 million. Ferroglobe had a return on equity of 2.32% and a net margin of 1.45%. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.09) earnings per share. analysts expect that Ferroglobe will post 1.25 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. OppenheimerFunds Inc. purchased a new stake in shares of Ferroglobe during the fourth quarter worth $20,246,000. Castleark Management LLC purchased a new stake in shares of Ferroglobe during the fourth quarter worth $7,340,000. Tygh Capital Management Inc. purchased a new stake in shares of Ferroglobe during the fourth quarter worth $5,485,000. Bank of New York Mellon Corp increased its holdings in shares of Ferroglobe by 354.2% in the third quarter. Bank of New York Mellon Corp now owns 323,269 shares of the basic materials company’s stock worth $4,254,000 after purchasing an additional 252,097 shares during the period. Finally, Victory Capital Management Inc. bought a new position in shares of Ferroglobe in the fourth quarter worth $3,952,000. Institutional investors and hedge funds own 41.20% of the company’s stock.

WARNING: This story was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/3296212/ferroglobe-gsm-downgraded-by-bidaskclub-to-sell.html.

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.

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.

Latest News

Focus Media  Bonds Rise 0.8% During Trading
Focus Media Bonds Rise 0.8% During Trading
Scotiabank  Given Consensus Rating of “Buy” by Brokerages
Scotiabank Given Consensus Rating of “Buy” by Brokerages
Matson  Receives $37.00 Average Price Target from Analysts
Matson Receives $37.00 Average Price Target from Analysts
Zacks: Brokerages Expect Zions Bancorporation  Will Announce Earnings of $0.91 Per Share
Zacks: Brokerages Expect Zions Bancorporation Will Announce Earnings of $0.91 Per Share
Callaway Golf  Releases Quarterly  Earnings Results, Beats Estimates By $0.14 EPS
Callaway Golf Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS
Pirate Blocks  Reaches Market Capitalization of $0.00
Pirate Blocks Reaches Market Capitalization of $0.00


© 2006-2018 Ticker Report. Google+.