Ferrexpo (LON:FXPO) Trading Down 13.3% – Time to Sell?
by Scott Moore · The Cerbat GemFerrexpo plc (LON:FXPO – Get Free Report) shares fell 13.3% on Tuesday . The company traded as low as GBX 61.10 and last traded at GBX 63. 3,313,720 shares traded hands during mid-day trading, an increase of 95% from the average session volume of 1,697,535 shares. The stock had previously closed at GBX 72.70.
Wall Street Analysts Forecast Growth
Separately, Peel Hunt reaffirmed a “hold” rating and set a GBX 53 price objective on shares of Ferrexpo in a report on Monday, November 10th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 53.
Get Our Latest Stock Report on FXPO
Ferrexpo Price Performance
The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11. The company has a 50-day moving average of GBX 68.50 and a 200-day moving average of GBX 58.21. The stock has a market capitalization of £370.69 million, a price-to-earnings ratio of -1.23, a P/E/G ratio of -0.18 and a beta of 1.26.
About Ferrexpo
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group’s iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore.
Ferrexpo’s operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, despite the war in Ukraine.