Ferroglobe (NASDAQ:GSM) Releases Earnings Results, Beats Expectations By $0.04 EPS

Ferroglobe (NASDAQ:GSM) announced its quarterly earnings results on Wednesday. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 Trading Down 0.8 %

Shares of NASDAQ GSM traded down $0.03 during trading hours on Wednesday, reaching $3.82. The stock had a trading volume of 1,284,322 shares, compared to its average volume of 671,368. The company has a current ratio of 1.83, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm 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 price is $3.96 and its two-hundred day moving average price is $4.24. Ferroglobe has a 52-week low of $3.68 and a 52-week high of $6.19.

About Ferroglobe

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.