Ferrexpo (LON:FXPO) Shares Pass Above 200 Day Moving Average – Time to Sell?

Ferrexpo plc (LON:FXPO)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 56.90 and traded as high as GBX 76.29. Ferrexpo shares last traded at GBX 72.60, with a volume of 1,242,234 shares trading hands.

Analyst Ratings Changes

Separately, Peel Hunt reissued a “hold” rating and issued a GBX 53 target price on shares of Ferrexpo in a research note on Monday, November 10th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Ferrexpo presently has an average rating of “Hold” and an average target price of GBX 53.

Ferrexpo Price Performance

The firm has a 50-day moving average of GBX 66.47 and a 200-day moving average of GBX 57.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11. The firm has a market capitalization of £423.65 million, a P/E ratio of -1.40, a PEG 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.