Ferroglobe PLC (GSM) Plunges 7.38% on March 14

Ferroglobe PLC (GSM) Plunges 7.38% on March 14

Ferroglobe PLC (GSM) had a rough trading day for Thursday March 14 as shares tumbled 7.38%, or a loss of $-0.18 per share, to close at $2.26. After opening the day at $2.41, shares of Ferroglobe PLC traded as high as $2.44 and as low as $2.23. Volume was 930,329 shares over 4,259 trades, against an average daily volume of n/a shares and a total float of 171.98 million.

As a result of the decline, Ferroglobe PLC now has a market cap of $388.67 million.

The stock has a P/E Ratio of 4.8.

Ferroglobe PLC provides silicon and specialty metals. It produces silicon metal and silicon and manganese-based alloy, serving customers in the specialty chemical, aluminum, solar, steel and ductile iron foundry industries. Its business is organized into four segments which include Electrometallurgy- North America, Electrometallurgy- Europe, Electrometallurgy- South Africa, and Other segments. The Electrometallurgy segment includes its coal and quartz mining operations and its silicon metal and ferroalloy production. The Electrometallurgy- South Africa generates maximum revenue for the company.

Ferroglobe PLC is based out of London, and has some 3,775 employees. Its CEO is Pedro Larrea Paguaga.

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