Ferrexpo (LON:FXPO) Shares Down 13.3% – What’s Next?

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

Analyst Upgrades and Downgrades

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

Ferrexpo Trading Down 13.3%

The firm has a 50 day moving average of GBX 68.72 and a 200 day moving average of GBX 58.32. The firm has a market cap of £370.69 million, a PE ratio of -1.23, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33.

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.