Ferrexpo (LON:FXPO) Stock Price Down 12.1% – Here’s Why

by · The Markets Daily

Ferrexpo plc (LON:FXPO – Get Free Report) shares traded down 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 traded hands during 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 reaffirmed a “hold” rating and issued a GBX 53 price objective 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 53.

Read Our Latest Report on FXPO

Ferrexpo Price Performance

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 business has a 50-day moving average price of GBX 56.77 and a two-hundred day moving average price of GBX 53.37. The firm has a market capitalization of £403.05 million, a price-to-earnings ratio of -1.34, a PEG ratio of -0.18 and a beta of 1.26.

About Ferrexpo

(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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