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

NEW YORK ( TheStreet) -- Globe Specialty Metals (Nasdaq: GSM) hit a new 52-week high Wednesday as it is currently trading at $25.03, above its previous 52-week high of $24.80 with 369,811 shares traded as of 10:37 a.m. ET. Average volume has been 758,300 shares over the past 30 days.

Globe Specialty has a market cap of $1.8 billion and is part of the basic materials sector and metals & mining industry. Shares are up 38.1% year to date as of the close of trading on Tuesday.

Globe Specialty Metals, Inc., together with its subsidiaries, produces silicon metal and silicon-based alloys. The company offers chemical and metallurgical grade silicon metal, which is used as a raw material in making silicone compounds, aluminum, and polysilicon. The company has a P/E ratio of 41.1, below the average metals & mining industry P/E ratio of 41.8 and above 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Globe Specialty Ratings Report.

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