Globe Specialty Metals Inc. (NASDAQ:GSM) has been upgraded from Neutral to Buy in a statement by Robert W. Baird earlier today.
- Updated: September 19, 2016
Robert W. Baird has upgraded Globe Specialty Metals Inc.(NASDAQ:GSM) from Neutral to Buy in a statement released on 9/19/2016.
Just yesterday Globe Specialty Metals Inc. (NASDAQ:GSM) traded 0.00% even at $7.73. GSM’s 50-day average is $9.06 and its two hundred day moving average is $9.07. The last stock price is down 14.77% relative to the 200-day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. Trade volume was down over the average, with 300 shares of GSM changing hands under the typical 851,236 shares..
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Globe Specialty Metals Inc. has a 52 week low of $6.90 and a 52 week high of $15.30. GSM’s market cap is currently $0.0.
Also covering Globe Specialty Metals Inc.’s stock price target, a total of 5 analysts have reported on Globe Specialty Metals Inc.. The 12-month target is $14.10 with three firms rating the stock a strong buy, two analysts rating the company a buy, one firm rating the stock a hold, 0 rating the stock to underperform, and finally 0 firmsrating the company as sell.
Brief Synopsis On Globe Specialty Metals Inc. (NASDAQ:GSM)
Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy. It Electrometallurgy segment includes its coal and quartz mining operations and its silicon metal and ferroalloy production, whereas the Energy segment consists of its hydroelectric power operations. It currently operates approximately 20 production smelting facilities in the field of electrometallurgy: approximately five in Spain, over five in the United States of America, over six in France, over three in South Africa, one in Venezuela, one in Poland, one in Canada, one in Argentina and one in China. It diversifies its production base across approximately five continents, such as Africa, Asia, Europe, and North America and South America.
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