Globe Specialty Metals (NASDAQ:GSM) has climbed 11.82% in the past week and advanced 5.58% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 13.17% and the outperformance has advanced to 4.62% for the last 4 weeks period.
Globe Specialty Metals (NASDAQ:GSM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.72 and $8.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.89, notching a gain of 2.42% for the day. The total traded volume was 8,492,521 . The stock had closed at $8.68 on the previous day.
The company shares have dropped -51.63% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $18.77 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $9.02 and the 200 Day Moving Average price is recorded at $9.15.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Jefferies upgrades its ratings on Globe Specialty Metals (NASDAQ:GSM). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 13.07% of Globe Specialty Metals shares according to the proxy statements. Institutional Investors own 35.51% of Globe Specialty Metals shares.
Ferroglobe PLC, formerly VeloNewco Ltd, is a United Kingdom-based company. The Company is engaged in the production of silicon metals and alloys.