Ferrexpo (LON:FXPO) Shares Down 11.3% – Should You Sell?

Ferrexpo plc (LON:FXPO)’s stock price dropped 11.3% on Wednesday . The company traded as low as GBX 64.40 and last traded at GBX 69.10. Approximately 32,290,996 shares changed hands during trading, an increase of 748% from the average daily volume of 3,807,036 shares. The stock had previously closed at GBX 77.90.

Analyst Ratings Changes

Separately, Peel Hunt restated a “hold” rating and issued a GBX 53 target price on shares of Ferrexpo in a report on Monday, November 10th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 53.

Ferrexpo Trading Down 12.1%

The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20. The stock’s 50 day moving average is GBX 56.77 and its 200-day moving average is GBX 53.37. The company has a market capitalization of £403.05 million, a P/E ratio of -1.34, a P/E/G ratio of -0.18 and a beta of 1.26.

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.