Ferroglobe (NASDAQ:GSM) Sets New 1-Year Low – Time to Sell?

Ferroglobe PLC (NASDAQ:GSM) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $3.74 and last traded at $3.75, with a volume of 553195 shares trading hands. The stock had previously closed at $3.87.

Ferroglobe Stock Performance

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

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data 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 company had revenue of $433.53 million during the quarter, compared to the consensus estimate of $443.50 million. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, equities analysts anticipate that Ferroglobe PLC will post 0.28 earnings per share for the current fiscal year.

Ferroglobe Dividend Announcement

The firm also recently disclosed 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. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, December 20th. Ferroglobe’s dividend payout ratio is currently 20.83%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Barclays PLC purchased a new position in Ferroglobe in the third quarter worth $44,000. Banco Santander S.A. purchased a new position in shares of Ferroglobe during the 2nd quarter valued at $80,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Ferroglobe by 40.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,665 shares of the basic materials company’s stock worth $84,000 after acquiring an additional 4,480 shares during the period. Quarry LP purchased a new stake in Ferroglobe during the second quarter valued at about $84,000. Finally, nVerses Capital LLC bought a new stake in shares of Ferroglobe in the second quarter valued at approximately $95,000. 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.