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TheStreet Wire

Globe Specialty Stock Hits New 52-Week Low (GSM)

By TheStreet Wire 05/17/12 - 12:55 PM EDT

Find out if (GSM) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Globe Specialty Metals (Nasdaq:GSM) hit a new 52-week low Thursday as it is currently trading at $12.22, below its previous 52-week low of $12.25 with 278,482 shares traded as of 12:30 p.m. ET. Average volume has been 658,200 shares over the past 30 days.

Globe Specialty has a market cap of $979.4 million and is part of the basic materials sector and metals & mining industry. Shares are down 6.5% year to date as of the close of trading on Wednesday.

Globe Specialty Metals, Inc., together with its subsidiaries, produces and sells silicon metal and silicon-based alloys in North America, Europe, South America, and Asia. The company primarily offers silicon metal that is used as a raw material for silicone compounds, aluminum, and polysilicon. The company has a P/E ratio of 16.3, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Globe Specialty as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. You can view the full Globe Specialty Ratings Report.

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