Credit: Shutterstock photoFerroglobe ( GSM ) saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before.
[ibd-display-video id=2881825 width=50 float=left autostart=true] The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher rating in the early stages of a new price run.
Ferroglobe is currently extended beyond a proper buy zone after clearing the 11.33 entry in a cup with handle.
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The stock sports an 81 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 81% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
The company posted a 156% earnings-per-share gain for Q3. Top line growth climbed 24%, up from 7% in the prior report. That marks four consecutive reports with increasing revenue gains.
Ferroglobe earns the No. 2 rank among its peers in the Steel-Specialty Alloys industry group. Carpenter Technology ( CRS ) is the top-ranked stock within the group.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
