Zacks Investment Research upgraded Ferroglobe PLC (NASDAQ:GSM) to Hold in a report released today.
- Updated: September 30, 2016
Just yesterday Ferroglobe PLC (NASDAQ:GSM) traded 0.11% higher at $9.03. Ferroglobe PLC’s 50-day moving average is $8.86 and its 200-day moving average is $9.03. The last closing price is down 0.03% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 604,918 shares of GSM traded hands, down from an average trading volume of 684,103
Zacks Investment Research has upgraded Ferroglobe PLC (NASDAQ:GSM) to Hold in a report released on 9/30/2016.
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Ferroglobe PLC has a 52 week low of $6.90 and a 52 week high of $14.48 The company’s market cap is currently $0.
A total of 5 equity analysts have released a research note on GSM. Three equity analysts rating the company a strong buy, two equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $14.10.
More About Ferroglobe PLC (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, North America and South America.
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