Ferroglobe (NASDAQ:GSM) Hits New 12-Month Low – Should You Sell?

Ferroglobe PLC (NASDAQ:GSM)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $3.99 and last traded at $4.02, with a volume of 1633646 shares traded. The stock had previously closed at $4.08.

Ferroglobe Stock Performance

The business has a 50 day simple moving average of $4.35 and a 200 day simple moving average of $4.76. The company has a quick ratio of 1.00, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $753.48 million, a PE ratio of 16.88 and a beta of 1.86.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.05). Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. 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 prior year, the firm earned $0.27 EPS. Equities research analysts predict that Ferroglobe PLC will post 0.28 EPS for the current fiscal year.

Ferroglobe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.013 per share. The ex-dividend date is Friday, December 20th. This represents a $0.05 dividend on an annualized basis and a yield of 1.29%. Ferroglobe’s dividend payout ratio (DPR) is presently 20.83%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Old West Investment Management LLC boosted its position in shares of Ferroglobe by 158.0% during the 3rd quarter. Old West Investment Management LLC now owns 2,908,501 shares of the basic materials company’s stock worth $13,495,000 after purchasing an additional 1,781,024 shares in the last quarter. Maverick Capital Ltd. acquired a new position in shares of Ferroglobe in the 2nd quarter valued at about $1,236,000. Point72 Asset Management L.P. grew its stake in Ferroglobe by 1,180.4% during the third quarter. Point72 Asset Management L.P. now owns 399,500 shares of the basic materials company’s stock worth $1,854,000 after buying an additional 368,300 shares during the period. Donald Smith & CO. Inc. purchased a new position in Ferroglobe in the third quarter valued at about $2,900,000. Finally, Bank of Montreal Can boosted its stake in shares of Ferroglobe by 234.5% in the third quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company’s stock valued at $15,958,000 after purchasing an additional 2,442,507 shares during the period. Institutional investors and hedge funds 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.