Zacks Investment Research upgraded Ferroglobe PLC (NASDAQ:GSM) to Hold in a report released today.
- Updated: September 22, 2016
Zacks Investment Research has upgraded Ferroglobe PLC (NASDAQ:GSM) to Hold in a report released on 9/22/2016.
Previously on 9/19/2016, B. Riley reported on Ferroglobe PLC (NASDAQ:GSM) raised the target price from $0.00 to $10.25. At the time, this indicated a possible upside of 0.33%.
Yesterday Ferroglobe PLC (NASDAQ:GSM) traded 0.67% higher at $9.01. The company’s 50-day moving average is $8.91 and its 200-day moving average is $9.05. The last closing price is down 0.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 853,493 shares of the stock were exchanged, up from an average trading volume of 715,256
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Ferroglobe PLC has a with a one year low of $6.90 and a one year high of $14.48 Ferroglobe PLC’s market capitalization is presently $0.
A total of 5 firms have issued a report on GSM. 3 brokers rating the stock a strong buy, two analysts rating the company a buy, one brokerage rating the company a hold, zero equity analysts rating the company a underperform, and finally 0 brokers rating the stock a sell with a consensus target price of $14.10.
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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