Ferrexpo (LON:FXPO) Trading Down 13.3% – What’s Next?

Ferrexpo plc (LON:FXPO)’s stock price dropped 13.3% during trading on Tuesday . The stock traded as low as GBX 61.10 and last traded at GBX 63. Approximately 3,313,720 shares were traded during trading, an increase of 95% from the average daily volume of 1,697,535 shares. The stock had previously closed at GBX 72.70.

Analyst Ratings Changes

Separately, Peel Hunt reaffirmed a “hold” rating and issued a GBX 53 price objective on shares of Ferrexpo in a research note on Monday, November 10th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 53.

Ferrexpo Stock Down 13.3%

The firm’s fifty day simple moving average is GBX 68.50 and its 200-day simple moving average is GBX 58.21. The company has a market cap of £370.69 million, a PE ratio of -1.23, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33.

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.