Ferroglobe PLC (NASDAQ:GSM) is reporting second quarter financial results on Monday 31st August 2020, after market close.
Previous Quarter Performance
Ferroglobe PLC communicated loss for the first quarter of $ 0.22 per share, from the revenue of $ 311.22 million. The quarterly revenues contracted 31.87 percent compared with the same quarter last year. Street analysts expected $ 381.20 million. The top line results fell short of analysts by $ 69.98 million or 18.36 percent.
Stock Performance
Shares of Ferroglobe PLC traded up $ 0.03 or 5.23 percent on Friday, reaching $ 0.51 with volume of 736.30 thousand shares. Ferroglobe PLC has traded high as $ 0.51 and has cracked $ 0.47 on the downward trend
According to the previous trading day, closing price of $ 0.51, representing a 37.14 % increase from the 52 week low of $ 0.35 and a 66.2 % decrease over the 52 week high of $ 1.42.
The company has a market capital of $ 85.83 million and is part of the Basic Materials sector and Industrial Metals & Minerals industry.
Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicone chemicals used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel. It also provides ferrosilicon products that are used to produce stainless steel, carbon steel, and various other steel alloys, as well as to manufacture electrodes and aluminum; calcium silicon, which is used in the deoxidation and desulfurization of liquid steel, and production of coatings for cast iron pipes, as well as in the welding process of powder metal; nodularizers and inoculants, which are used in the production of iron; and silica fume, a by-product of the electrometallurgical process of silicon metal and ferrosilicon.
