Ferroglobe (NASDAQ:GSM) Sets New 52-Week Low – Should You Sell?

Ferroglobe PLC (NASDAQ:GSM) shares reached a new 52-week low during mid-day trading on Tuesday . The stock 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 stock has a fifty day simple moving average of $4.33 and a two-hundred day simple moving average of $4.74. 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 market cap of $708.50 million, a PE ratio of 15.75 and a beta of 1.86.

Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.05). The business had revenue of $433.53 million for the quarter, compared to analysts’ expectations of $443.50 million. Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Equities analysts anticipate that Ferroglobe PLC will post 0.28 EPS for the current fiscal year.

Ferroglobe Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, December 20th. This represents a $0.05 annualized dividend and a yield of 1.38%. Ferroglobe’s payout ratio is 20.83%.

Hedge Funds Weigh In On Ferroglobe

Several institutional investors have recently made changes to their positions in the stock. Barclays PLC acquired a new stake in Ferroglobe in the third quarter worth approximately $44,000. Banco Santander S.A. purchased a new position in Ferroglobe in the second quarter valued at about $80,000. Vanguard Personalized Indexing Management LLC raised its position in Ferroglobe by 40.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,665 shares of the basic materials company’s stock valued at $84,000 after acquiring an additional 4,480 shares in the last quarter. Quarry LP acquired a new stake in shares of Ferroglobe in the 2nd quarter valued at $84,000. Finally, nVerses Capital LLC acquired a new stake in Ferroglobe in the 2nd quarter worth approximately $95,000. 89.64% of the stock is owned by institutional investors.

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.