The stock is trading at $15.99 significantly higher than the 50 day moving average of $14.11 and which is well above the 200 day moving average of $12.13. The 50 day moving average was up by +13.32% and the 200 day average moved up $3.86. Trading volume for Ferroglobe PLC – Ordinary Share was 376K in the last trading session. Trading volume was down 50.47% under the stocks average daily volume.
Investors are feeling more bearish on Ferroglobe PLC – Ordinary Share recently if you take note of the change in short interest. The company realized a rise in short interest of 57.76% as of the latest report on October 13, 2017. Short interest increased from 1,832,801 to 2,891,448 over that timeframe. With short interest at 2,891,448 and short average daily volume at 839,473, the short-interest ratio is 3.0 and the percentage of shorted shares was 0.04% on October 13.
A few notable investment firms have updated their holdings. As of quarter end Acadian Asset Management LLC had bought 240,737 shares growing its position 7,053.5%. The value of the total investment in Ferroglobe PLC – Ordinary Share increased from $41,000 to $3,214,000 a change of 7,739.0% quarter over quarter. Cutler Group LP expanded its ownership by buying 8,216 shares an increase of 1,048.0% as of 09/30/2017. Cutler Group LP owns 9,000 shares worth $23,000. The value of the position overall is up by 155.6%.
As of the end of the quarter Bank Of Montreal /can/ had disposed of a total of 136,679 shares trimming its holdings by 100.0%. The value in dollars went from $1,634,000 to $1,000 a change of $1,633,000 quarter to quarter. Parkside Financial Bank & Trust grew its stake by buying 142 shares an increase of 5.3%. Parkside Financial Bank & Trust currently owns 2,804 shares valued at $37,000. The total value of its holdings increased 15.6%.
October 26 investment analysts at Stifel Nicolaus left the stock rating at “Buy” but raised the price expectation to $22.00 from $16.00.
As of the last earnings report the EPS was $-1.60 and is expected to be $0.08 for the current year with 171,947,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.06 with next year’s EPS projected to be $1.01.
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..