Ferrexpo (LON:FXPO) Shares Down 13.3% – Should You Sell?

Shares of Ferrexpo plc (LON:FXPO) dropped 13.3% on Tuesday . The stock traded as low as GBX 61.10 and last traded at GBX 63. Approximately 3,313,720 shares changed hands during mid-day trading, an increase of 95% from the average daily volume of 1,697,535 shares. The stock had previously closed at GBX 72.70.

Wall Street Analyst Weigh In

Separately, Peel Hunt restated a “hold” rating and set a GBX 53 target price on shares of Ferrexpo in a research report on Monday, November 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 53.

Ferrexpo Trading Down 13.3%

The company’s fifty day moving average price is GBX 68.50 and its two-hundred day moving average price is GBX 58.21. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33. The company has a market cap of £370.69 million, a price-to-earnings ratio of -1.23, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26.

About Ferrexpo

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.