Ferrexpo (LON:FXPO) Shares Down 13.3% – What’s Next?
by Danessa Lincoln · The Markets DailyFerrexpo plc (LON:FXPO – Get Free Report)’s stock price was down 13.3% during trading on Tuesday . The company traded as low as GBX 61.10 and last traded at GBX 63. Approximately 3,313,720 shares traded hands during mid-day trading, an increase of 95% from the average daily volume of 1,697,535 shares. The stock had previously closed at GBX 72.70.
Analysts Set New Price Targets
Separately, Peel Hunt reaffirmed a “hold” rating and set a GBX 53 target price on shares of Ferrexpo in a research report on Monday, November 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Ferrexpo currently has a consensus rating of “Hold” and a consensus target price of GBX 53.
Get Our Latest Analysis on FXPO
Ferrexpo Stock Performance
The firm’s 50 day moving average is GBX 68.50 and its 200 day moving average is GBX 58.21. 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 stock has a market cap of £370.69 million, a P/E ratio of -1.23, a price-to-earnings-growth 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.