Ferrexpo (LON:FXPO) Stock Price Down 1% – Time to Sell?

Shares of Ferrexpo plc (LON:FXPO) fell 1% on Tuesday . The stock traded as low as GBX 70.20 and last traded at GBX 71.10. 1,102,745 shares were traded during trading, a decline of 59% from the average session volume of 2,673,395 shares. The stock had previously closed at GBX 71.80.

Analyst Upgrades and Downgrades

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

Ferrexpo Trading Down 27.6%

The firm’s fifty day simple moving average is GBX 73.63 and its 200 day simple moving average is GBX 62.91. The stock has a market capitalization of £305.97 million, a P/E ratio of -1.01, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.

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.