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

Ferrexpo plc (LON:FXPO) dropped 12.1% during mid-day trading on Wednesday . The stock traded as low as GBX 64.40 and last traded at GBX 68.50. Approximately 31,028,311 shares changed hands during mid-day trading, an increase of 716% from the average daily volume of 3,801,662 shares. The stock had previously closed at GBX 77.90.

Analyst Upgrades and Downgrades

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

Ferrexpo Trading Up 1.8%

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 firm has a market cap of £390.44 million, a price-to-earnings ratio of -1.29, a PEG ratio of -0.18 and a beta of 1.26. The company has a fifty day moving average price of GBX 57.28 and a 200-day moving average price of GBX 53.57.

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.