Fortescue (OTCMKTS:FSUGY) Shares Gap Down – Should You Sell?

by · The Markets Daily

Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY – Get Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $30.04, but opened at $28.75. Fortescue shares last traded at $29.18, with a volume of 8,618 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada cut shares of Fortescue from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Check Out Our Latest Analysis on FSUGY

Fortescue Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.43 and a quick ratio of 1.84. The firm’s 50 day moving average price is $27.16 and its two-hundred day moving average price is $24.56.

Fortescue Company Profile

(Get Free Report)

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia.

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