Ferroglobe PLC – Ordinary Share (NASDAQ:GSM) Stock Traded 9.9% Above Its 50 Day Moving Average


Company shares last traded at $15.07 barely above $13.71, the stock’s 50 day moving average and quite a bit higher than the 200 day moving average of $11.91. The 50 day moving average moved up $1.36 whereas the 200 day moving average was up $3.16 or +26.49%. (NASDAQ:GSM) shares saw light trading volume with 9,118 shares changing hands on Tuesday. Trading volume was down 99.21% under the stocks average daily volume.

Short traders are more bearish on shares of Ferroglobe PLC – Ordinary Share of late at least if you consider the motion in short interest. The firm realized a rise in short interest between September 15, 2017 and September 29, 2017 of 44.87%. Short interest increased from 1,256,366 to 1,820,132 over that timeframe. Days to cover increased from 2.0 to 3.0 and the percentage of shorted shares was 0.02% on September 29.

These firms have modified their investment in GSM. Hosking Partners Llp added to its ownership by buying 7,283 shares an increase of 1.6% from 03/31/2017 to 06/30/2017. Hosking Partners Llp owns 450,794 shares valued at $5,387,000. The value of the position overall is up by 17.6%. As of the end of the quarter Acadian Asset Management LLC had bought 240,737 shares growing its position 7,053.5%. The value of the investment in (GSM) increased from $41,000 to $3,214,000 increasing 7,739.0% quarter to quarter.

As of quarter end Cutler Group LP had acquired a total of 8,216 shares growing its stake by 1,048.0%. The value of the company’s investment in Ferroglobe PLC – Ordinary Share went from $9,000 to $23,000 a change of $14,000 for the reporting period. As of quarter end Bank Of Montreal /can/ had sold a total of 136,679 shares trimming its holdings by 100.0%. The value of the investment in Ferroglobe PLC – Ordinary Share went from $1,634,000 to $1,000 a change of 99.9% since the last quarter.

In the last earnings report the EPS was $-1.60 and is projected to be $0.08 for the current year with 171,947,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.05 and the next full year EPS is anticipated to be $0.93.

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It operates in two segments, Electrometallurgy and Energy. The company offers silicon metal that is used by aluminum and silicone chemical producers, as well as used in the production of polysilicon; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese, which is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel, as well as powdered products. It also provides ferrosilicon products for use in the production of electrodes, stainless steel, carbon steel, and various other steel alloys; removal of oxygen from the steel; enhancing the quality and strength of iron and steel products, as well as in the production of aluminum; silico calcium for use in the deoxidation and desulfurization of liquid steel; nodularizers and inoculants, which are used in the production of iron; and silica fume that used in the production of concrete and mortar. In addition, it generates and supplies hydroelectric power; and operates quartz mines located in Spain and South Africa. As of December 31, 2015, the company operated 12 hydroelectric power plants with a combined power generation installed capacity of 192 megawatts in Spain; and 2 hydroelectric power plants with a combined installed capacity of 20 megawatts in France. Its customers include silicone chemical, aluminum and steel manufacturers, auto companies and their suppliers, ductile iron foundries, manufacturers of photovoltaic solar cells and computer chips, and concrete producers. The company was formerly known as VeloNewco Limited. Ferroglobe PLC was incorporated in 2015 and is headquartered in London, the United Kingdom. Ferroglobe PLC is a subsidiary of Grupo Villar Mir, S.A..