Ferroglobe (NASDAQ:GSM) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Ferroglobe (NASDAQ:GSM) released its earnings results on Wednesday. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04, Zacks reports. Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%.

Ferroglobe Stock Performance

NASDAQ:GSM traded down $0.03 during mid-day trading on Wednesday, hitting $3.82. The company’s stock had a trading volume of 1,284,322 shares, compared to its average volume of 671,368. Ferroglobe has a 1 year low of $3.68 and a 1 year high of $6.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.00. The stock has a market cap of $717.70 million, a price-to-earnings ratio of 15.92 and a beta of 1.83. The business’s fifty day moving average is $3.96 and its two-hundred day moving average is $4.24.

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.