Ferroglobe (NASDAQ:GSM) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Ferroglobe PLC (NASDAQ:GSM)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.10 and traded as high as $5.16. Ferroglobe shares last traded at $4.90, with a volume of 2,102,492 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on GSM shares. Wall Street Zen downgraded shares of Ferroglobe from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ferroglobe in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Ferroglobe currently has a consensus rating of “Reduce”.

Ferroglobe Price Performance

The company has a current ratio of 1.56, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $914.49 million, a PE ratio of -8.60 and a beta of 1.85. The firm has a fifty day moving average of $4.50 and a two-hundred day moving average of $4.10.

Ferroglobe (NASDAQ:GSM) last posted its earnings results on Tuesday, August 5th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The business had revenue of $386.86 million during the quarter, compared to the consensus estimate of $398.00 million. Ferroglobe had a negative return on equity of 2.85% and a negative net margin of 6.99%. Research analysts anticipate that Ferroglobe PLC will post 0.33 EPS for the current fiscal year.

Ferroglobe Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a dividend of $0.014 per share. The ex-dividend date was Monday, September 22nd. This represents a $0.06 annualized dividend and a dividend yield of 1.1%. Ferroglobe’s payout ratio is currently -10.53%.

Institutional Trading of Ferroglobe

Several large investors have recently bought and sold shares of GSM. Vanguard Personalized Indexing Management LLC boosted its position in shares of Ferroglobe by 19.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,474 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 2,838 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Ferroglobe by 2.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 140,675 shares of the basic materials company’s stock valued at $516,000 after buying an additional 3,919 shares in the last quarter. California State Teachers Retirement System purchased a new stake in shares of Ferroglobe in the 2nd quarter worth about $27,000. Creative Financial Designs Inc. ADV bought a new position in shares of Ferroglobe in the 1st quarter worth about $37,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Ferroglobe by 1,017,300.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,174 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 10,173 shares in the last quarter. 89.64% of the stock is owned by institutional investors.

About Ferroglobe

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.