Ferroglobe (NASDAQ:GSM) Hits New 12-Month Low – What’s Next?

Ferroglobe PLC (NASDAQ:GSM)’s stock price reached a new 52-week low on Monday . The stock traded as low as $3.74 and last traded at $3.75, with a volume of 553195 shares changing hands. The stock had previously closed at $3.87.

Ferroglobe Trading Down 2.6 %

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.83. The stock has a 50-day moving average price of $4.31 and a 200-day moving average price of $4.70. The stock has a market cap of $706.63 million, a P/E ratio of 15.71 and a beta of 1.86.

Ferroglobe (NASDAQ:GSM) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. The business had revenue of $433.53 million during the quarter, compared to analysts’ expectations of $443.50 million. During the same quarter in the previous year, the business earned $0.27 EPS. On average, equities research analysts expect that Ferroglobe PLC will post 0.28 EPS for the current year.

Ferroglobe Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.013 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.38%. Ferroglobe’s dividend payout ratio is currently 20.83%.

Institutional Trading of Ferroglobe

Large investors have recently added to or reduced their stakes in the stock. Banco Santander S.A. purchased a new stake in Ferroglobe in the second quarter worth about $80,000. Hosking Partners LLP lifted its stake in shares of Ferroglobe by 48.7% in the 2nd quarter. Hosking Partners LLP now owns 9,108,922 shares of the basic materials company’s stock valued at $48,824,000 after purchasing an additional 2,981,907 shares during the period. nVerses Capital LLC bought a new stake in shares of Ferroglobe during the second quarter valued at approximately $95,000. Ritholtz Wealth Management grew its stake in Ferroglobe by 64.1% in the second quarter. Ritholtz Wealth Management now owns 200,990 shares of the basic materials company’s stock worth $1,077,000 after purchasing an additional 78,509 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Ferroglobe in the second quarter worth $518,000. 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.