Ferroglobe PLC (GSM) is Upgraded by Jefferies to Buy

Ferroglobe PLC (GSM) was Upgraded by Jefferies to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Jefferies advised their investors in a research report released on Jun 13, 2016.

On the company’s financial health, Ferroglobe PLC reported $0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 5, 2015. Analyst had a consensus of $0.12. The company had revenue of $174.76 million for the quarter, compared to analysts expectations of $191.09 million. The company’s revenue was down -15.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.19 EPS.

Ferroglobe PLC closed down -0.36 points or -4.33% at $7.95 with 12,87,378 shares getting traded on Friday. Post opening the session at $8.16, the shares hit an intraday low of $7.92 and an intraday high of $8.16 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Ferroglobe PLC formerly VeloNewco Ltd is a United Kingdom-based company. The Company is engaged in the production of silicon metals and alloys.

Ferroglobe PLC

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