Ferrexpo (LON:FXPO) Trading Down 13.3% – What’s Next?
by Tristan Rich · The Markets DailyFerrexpo plc (LON:FXPO – Get Free Report)’s share price traded down 13.3% during mid-day trading on Tuesday . The stock 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.
Analyst Upgrades and Downgrades
Separately, Peel Hunt reiterated a “hold” rating and issued a GBX 53 price target on shares of Ferrexpo in a report on Monday, November 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Ferrexpo currently has a consensus rating of “Hold” and a consensus price target of GBX 53.
Get Our Latest Stock Analysis on Ferrexpo
Ferrexpo Stock Performance
The company has a market capitalization of £370.69 million, a price-to-earnings ratio of -1.23, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company’s fifty day simple moving average is GBX 68.72 and its two-hundred day simple moving average is GBX 58.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.
Ferrexpo Company Profile
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.