Media headlines about Ferroglobe PLC (NASDAQ:GSM) have trended positive this week, Alpha One reports. The research firm, a service of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ferroglobe PLC earned a news sentiment score of 0.33 on Alpha One’s scale. Alpha One also gave news coverage about the basic materials company an impact score of 66 out of 100, meaning that recent press coverage is likely to have an effect on the stock’s share price in the near future.
Ferroglobe PLC (GSM) traded down 0.10% on Friday, hitting $10.45. The stock had a trading volume of 1,267,731 shares. The stock has a 50 day moving average price of $9.86 and a 200 day moving average price of $10.43. Ferroglobe PLC has a 1-year low of $7.67 and a 1-year high of $12.53. The company’s market cap is $1.80 billion.
A number of brokerages have commented on GSM. B. Riley reissued a “buy” rating and issued a $14.25 price objective on shares of Ferroglobe PLC in a research note on Sunday, May 28th. Jefferies Group LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Ferroglobe PLC in a research note on Thursday, May 11th. ValuEngine raised Ferroglobe PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Zacks Investment Research raised Ferroglobe PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Finally, TheStreet cut Ferroglobe PLC from a “c-” rating to a “d” rating in a research note on Thursday, May 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $12.54.
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About Ferroglobe PLC
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.
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