Fortescue (OTCMKTS:FSUGY) Sets New 12-Month Low – What’s Next?

Fortescue Ltd (OTCMKTS:FSUGY)’s share price reached a new 52-week low on Wednesday . The company traded as low as $16.41 and last traded at $18.66, with a volume of 577394 shares trading hands. The stock had previously closed at $17.38.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Fortescue from a “strong sell” rating to a “hold” rating in a report on Tuesday.

Fortescue Price Performance

The company has a quick ratio of 2.10, a current ratio of 2.67 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average of $21.09 and a 200-day moving average of $23.34.

Fortescue Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 3rd were issued a $0.6199 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

About Fortescue

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia.