Ferrexpo (LON:FXPO) Shares Down 15.8% – Here’s Why

Ferrexpo plc (LON:FXPO)’s stock price fell 15.8% on Tuesday . The stock traded as low as GBX 63.80 ($0.85) and last traded at GBX 65.40 ($0.87). 3,725,506 shares were traded during trading, a decline of 24% from the average session volume of 4,890,786 shares. The stock had previously closed at GBX 77.70 ($1.03).

Ferrexpo Stock Performance

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’s fifty day moving average price is GBX 61.76 and its 200-day moving average price is GBX 80.41. The firm has a market cap of £477.70 million, a price-to-earnings ratio of -8.64, a PEG ratio of -0.18 and a beta of 1.26.

Ferrexpo (LON:FXPO) last released its quarterly earnings results on Thursday, March 20th. The iron ore producer reported GBX (8.51) (($0.11)) EPS for the quarter. Ferrexpo had a negative return on equity of 5.13% and a negative net margin of 6.50%. Analysts expect that Ferrexpo plc will post 3.7897311 earnings per share for the current year.

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.