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

Ferroglobe PLC (NASDAQ:GSM)’s share price reached a new 52-week low on Thursday . The company traded as low as $3.67 and last traded at $3.71, with a volume of 1287640 shares traded. The stock had previously closed at $3.82.

Ferroglobe Price Performance

The stock has a 50 day moving average of $3.94 and a 200-day moving average of $4.23. The stock has a market capitalization of $682.94 million, a P/E ratio of 15.15 and a beta of 1.83. The company has a current ratio of 1.83, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Ferroglobe (NASDAQ:GSM) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $367.51 million for the quarter, compared to analyst estimates of $393.00 million. Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. On average, equities research analysts anticipate that Ferroglobe PLC will post 0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ferroglobe

Institutional investors have recently added to or reduced their stakes in the stock. Wexford Capital LP purchased a new position in shares of Ferroglobe in the 4th quarter worth approximately $552,000. State of Wyoming boosted its stake in Ferroglobe by 165.3% in the fourth quarter. State of Wyoming now owns 122,523 shares of the basic materials company’s stock valued at $466,000 after acquiring an additional 76,337 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Ferroglobe in the fourth quarter worth $592,000. Lloyd Harbor Capital Management LLC purchased a new stake in shares of Ferroglobe during the 4th quarter valued at $5,605,000. Finally, Graham Capital Management L.P. boosted its position in shares of Ferroglobe by 1,185.6% in the 4th quarter. Graham Capital Management L.P. now owns 912,398 shares of the basic materials company’s stock worth $3,467,000 after purchasing an additional 841,427 shares in the last quarter. Institutional investors own 89.64% of the company’s stock.

Ferroglobe Company Profile

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.