Fortescue (OTCMKTS:FSUGY) Trading Down 5.2% – What’s Next?

Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY) shares traded down 5.2% on Wednesday . The stock traded as low as $28.35 and last traded at $28.71. 1,895 shares were traded during mid-day trading, a decline of 95% from the average session volume of 36,026 shares. The stock had previously closed at $30.29.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated an “underperform” rating on shares of Fortescue in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Fortescue currently has a consensus rating of “Hold”.

Fortescue Trading Up 1.4%

The company has a quick ratio of 1.84, a current ratio of 2.43 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $30.02 and a 200 day simple moving average of $27.41.

Fortescue Company Profile

Fortescue (OTCMKTS:FSUGY) is the U.S. over‑the‑counter ticker for Fortescue Metals Group, an Australian company principally engaged in the exploration, mining, processing and sale of iron ore. Since its founding in 2003, the company has developed large‑scale open‑pit operations in the Pilbara region of Western Australia and built integrated infrastructure — including rail and port facilities — to move bulk shipments of iron ore to international steelmakers.

Fortescue’s core products are iron ore lump and fines, which it markets to customers around the world, with strong trade links to Asian steel producers.