Ferrexpo (LON:FXPO) Trading 8.1% Higher – Here’s Why

Ferrexpo plc (LON:FXPO)’s share price was up 8.1% during mid-day trading on Friday . The stock traded as high as GBX 58.80 and last traded at GBX 57.70. Approximately 9,290,846 shares were traded during mid-day trading, an increase of 158% from the average daily volume of 3,597,335 shares. The stock had previously closed at GBX 53.40.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 53.

Ferrexpo Stock Performance

The firm has a 50-day moving average price of GBX 53.86 and a two-hundred day moving average price of GBX 53.27. 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 firm has a market capitalization of £339.50 million, a P/E ratio of -1.13, a P/E/G 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.