Ferrexpo (LON:FXPO) Trading Up 22.4% – Here’s Why

Ferrexpo plc (LON:FXPO)’s share price was up 22.4% on Monday . The stock traded as high as GBX 73.56 and last traded at GBX 70.60. Approximately 15,627,566 shares changed hands during trading, an increase of 328% from the average daily volume of 3,650,102 shares. The stock had previously closed at GBX 57.70.

Analyst Upgrades and Downgrades

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

Ferrexpo Price Performance

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 company has a 50-day simple moving average of GBX 54.36 and a two-hundred day simple moving average of GBX 53.05. The stock has a market capitalization of £415.41 million, a price-to-earnings ratio of -1.38, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26.

About Ferrexpo

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.