Ferrexpo (LON:FXPO) Trading Down 12.1% – What’s Next?

Ferrexpo plc (LON:FXPO)’s stock price fell 12.1% on Wednesday . The stock traded as low as GBX 64.40 and last traded at GBX 68.50. 7,425,609 shares were traded during mid-day trading, an increase of 101% from the average session volume of 3,701,225 shares. The stock had previously closed at GBX 77.90.

Analyst Ratings Changes

Separately, Peel Hunt restated a “hold” rating and issued a GBX 53 price objective 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, the company has an average rating of “Hold” and an average target price of GBX 53.

Ferrexpo Trading Down 12.1%

The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of £403.05 million, a P/E ratio of -1.34, a PEG ratio of -0.18 and a beta of 1.26. The firm has a 50 day moving average of GBX 57.05 and a 200-day moving average of GBX 53.48.

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.