Ferrexpo (LON:FXPO) Trading Down 12.1% – Here’s What Happened

Ferrexpo plc (LON:FXPO) shares dropped 12.1% on Wednesday . The stock traded as low as GBX 64.40 and last traded at GBX 68.50. Approximately 7,425,609 shares traded hands during mid-day trading, an increase of 101% from the average daily 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 target price on shares of Ferrexpo in a research note on Monday, November 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Ferrexpo presently has a consensus rating of “Hold” and a consensus target price of GBX 53.

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 stock has a market capitalization of £403.05 million, a P/E ratio of -1.34, a PEG ratio of -0.18 and a beta of 1.26. The company has a fifty day simple moving average of GBX 57.05 and a two-hundred day simple moving average of GBX 53.48.

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.