Ferrexpo (LON:FXPO) Stock Price Up 22.4% – Here’s What Happened

Ferrexpo plc (LON:FXPO)’s share price shot up 22.4% on Monday . The company traded as high as GBX 73.56 and last traded at GBX 70.60. 15,627,566 shares changed hands during mid-day trading, an increase of 328% from the average session volume of 3,650,102 shares. The stock had previously closed at GBX 57.70.

Analyst Upgrades and Downgrades

Separately, Peel Hunt restated a “hold” rating and set a GBX 53 price target on shares of Ferrexpo in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 53.

Ferrexpo Stock Up 22.4%

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 stock has a market capitalization of £415.41 million, a P/E ratio of -1.38, a P/E/G ratio of -0.18 and a beta of 1.26. The stock’s 50 day simple moving average is GBX 54.36 and its 200 day simple moving average is GBX 53.05.

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.