Ferrexpo plc (LON:FXPO – Get Free Report) crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of GBX 30.53 and traded as low as GBX 28.86. Ferrexpo shares last traded at GBX 29.42, with a volume of 1,493,420 shares.
Ferrexpo Trading Down 1.6%
The company’s fifty day moving average is GBX 30.53 and its 200-day moving average is GBX 37.62. The company has a current ratio of 1.06, a quick ratio of 2.20 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of £300.19 million, a P/E ratio of -3.98, a P/E/G ratio of -0.18 and a beta of 0.63.
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.
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