moomoo ID:NaN
Log Out
Log in to access Online Inquiry

Ferroglobe (NASDAQ:GSM) Stock Price Down 5.6%

Financial News Live ·  {{timeTz}}

Shares of Ferroglobe PLC (NASDAQ:GSM – Get Rating) dropped 5.6% on Tuesday . The stock traded as low as $6.06 and last traded at $6.09. Approximately 10,763 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 1,322,114 shares. The stock had previously closed at $6.45.

Analyst Ratings Changes

GSM has been the subject of several research reports. StockNews.com upgraded Ferroglobe from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 25th. B. Riley assumed coverage on Ferroglobe in a research note on Wednesday, September 14th. They set a "buy" rating and a $12.00 price objective for the company.

Get Ferroglobe alerts:

Ferroglobe Price Performance

The stock's fifty day moving average is $6.37 and its 200-day moving average is $6.87. The stock has a market capitalization of $1.14 billion, a PE ratio of 3.82 and a beta of 2.25. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.91 and a quick ratio of 1.28.

Institutional Trading of Ferroglobe

A number of hedge funds have recently added to or reduced their stakes in GSM. Counterpoint Mutual Funds LLC acquired a new position in Ferroglobe during the first quarter worth $66,000. Royal Bank of Canada increased its position in Ferroglobe by 1,379.7% during the first quarter. Royal Bank of Canada now owns 11,379 shares of the basic materials company's stock worth $88,000 after purchasing an additional 10,610 shares during the last quarter. Keebeck Alpha LP acquired a new stake in Ferroglobe during the first quarter worth about $91,000. Virtu Financial LLC acquired a new stake in Ferroglobe during the first quarter worth about $144,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Ferroglobe during the first quarter worth about $168,000. 40.06% of the stock is owned by hedge funds and other institutional investors.

Ferroglobe Company Profile

(Get Rating)

Ferroglobe PLC is a holding company, which engages in the production of silicon and specialty metals. Its products include silicon metal, manganese alloys, ferrosilicon, calcium silicon, and electrodes. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other.

Further Reading

  • Get a free copy of the StockNews.com research report on Ferroglobe (GSM)
  • Has AMD stock stock fallen too far?
  • Oracle's Short-Term Pain Could Be Your Long-Term Gain
  • Lucid is Looking Like a Clear EV Winner
  • Still Lovin' It: Investors Keep Visiting McDonald's
  • Did FedEx Just Deliver A Buying Opportunity?

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.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.