Ferrexpo (LON:FXPO) Trading Down 12.1% – Should You Sell?

Shares of Ferrexpo plc (LON:FXPO) were down 12.1% on Wednesday . The stock traded as low as GBX 64.40 and last traded at GBX 68.50. Approximately 7,425,609 shares traded hands during trading, an increase of 101% from the average daily volume of 3,701,225 shares. The stock had previously closed at GBX 77.90.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 53.

Ferrexpo Stock Up 1.7%

The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20. The business’s fifty day moving average price is GBX 57.51 and its two-hundred day moving average price is GBX 53.58. The stock has a market capitalization of £390.15 million, a PE ratio of -1.29, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26.

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.