Ferrexpo (LON:FXPO) Shares Up 13.3% – Here’s What Happened

Ferrexpo plc (LON:FXPO) shares traded up 13.3% during trading on Friday . The company traded as high as GBX 84.04 and last traded at GBX 78.50. 9,049,377 shares traded hands during mid-day trading, an increase of 285% from the average session volume of 2,348,607 shares. The stock had previously closed at GBX 69.30.

Wall Street Analyst Weigh In

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

Ferrexpo Stock Up 10.1%

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 capitalization of £508.37 million, a price-to-earnings ratio of -1.69, a PEG ratio of -0.18 and a beta of 1.26. The stock has a fifty day moving average of GBX 69.60 and a 200-day moving average of GBX 58.53.

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.