Ferrexpo (LON:FXPO) Stock Price Down 13.3% – Here’s Why

Ferrexpo plc (LON:FXPO) dropped 13.3% during mid-day trading 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 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 reaffirmed a “hold” rating and issued a GBX 53 price objective on shares of Ferrexpo in a report on Monday, November 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 53.

Ferrexpo Stock Performance

The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of £370.69 million, a price-to-earnings ratio of -1.23, a PEG ratio of -0.18 and a beta of 1.26. The stock’s 50 day moving average price is GBX 68.50 and its two-hundred day moving average price is GBX 58.21.

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.