Ferrexpo (LON:FXPO) Stock Price Down 12.1% – What’s Next?

Ferrexpo plc (LON:FXPO)’s stock price was down 12.1% on Wednesday . The stock traded as low as GBX 64.40 and last traded at GBX 68.50. Approximately 7,425,609 shares changed hands during trading, an increase of 101% from the average daily volume of 3,701,225 shares. The stock had previously closed at GBX 77.90.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reaffirmed 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 stock currently has an average rating of “Hold” and a consensus target price of GBX 53.

Ferrexpo Stock Up 1.7%

The firm’s 50-day simple moving average is GBX 57.51 and its 200-day simple moving average is GBX 53.58. 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 company has a market capitalization of £390.15 million, a price-to-earnings ratio of -1.29, a price-to-earnings-growth 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.