Shares of Ferroglobe PLC (NASDAQ:GSM) fell 5.9% on Friday . The company traded as low as $2.27 and last traded at $2.39. 2,992,973 shares changed hands during trading, an increase of 56% from the average session volume of 1,921,172 shares. The stock had previously closed at $2.54.
A number of research firms have recently weighed in on GSM. BidaskClub upgraded shares of Ferroglobe from a “strong sell” rating to a “sell” rating in a report on Thursday. B. Riley dropped their target price on shares of Ferroglobe from $14.50 to $4.00 and set a “buy” rating for the company in a report on Wednesday, November 28th. CIBC reiterated a “market perform” rating on shares of Ferroglobe in a report on Tuesday, November 27th. Oppenheimer reiterated a “market perform” rating and set a $9.00 target price on shares of Ferroglobe in a report on Tuesday, November 27th. Finally, UBS Group lowered shares of Ferroglobe from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 27th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Ferroglobe presently has a consensus rating of “Hold” and an average target price of $10.20.
The company has a current ratio of 1.92, a quick ratio of 0.68 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $376.63 million, a P/E ratio of 18.38 and a beta of 1.71.
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Ferroglobe Company Profile (NASDAQ:GSM)
Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicone chemicals used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.
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