Ferrexpo (LON:FXPO) Shares Down 12.1% – Time to Sell?

by · The Cerbat Gem

Ferrexpo plc (LON:FXPO – Get Free Report) shares fell 12.1% during mid-day trading 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.

Analysts Set New Price Targets

Separately, Peel Hunt reiterated a “hold” rating and set a GBX 53 price target on shares of Ferrexpo in a report on Monday, November 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Ferrexpo currently has a consensus rating of “Hold” and a consensus target price of GBX 53.

Check Out Our Latest Stock Analysis on Ferrexpo

Ferrexpo Stock Down 12.1%

The firm has a 50 day moving average of GBX 56.77 and a two-hundred day moving average of GBX 53.37. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of £403.05 million, a PE ratio of -1.34, a P/E/G ratio of -0.18 and a beta of 1.26.

Ferrexpo Company Profile

(Get Free Report)

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.

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