Ferrexpo (LON:FXPO) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?
by Sarita Garza · The Markets DailyFerrexpo plc (LON:FXPO – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 55.76 and traded as high as GBX 77.80. Ferrexpo shares last traded at GBX 76.30, with a volume of 1,729,171 shares.
Analysts Set New Price Targets
Separately, Peel Hunt reiterated 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.com, the company has a consensus rating of “Hold” and an average price target of GBX 53.
Read Our Latest Stock Report on Ferrexpo
Ferrexpo Price Performance
The stock has a market cap of £436.00 million, a price-to-earnings ratio of -1.45, a P/E/G ratio of -0.18 and a beta of 1.26. 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 company’s fifty day moving average is GBX 64.16 and its two-hundred day moving average is GBX 55.88.
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.