Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY) Receives Average Recommendation of “Reduce” from Analysts

Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY) has received a consensus rating of “Reduce” from the six brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company.

A number of brokerages have commented on FSUGY. Jefferies Financial Group reiterated an “underperform” rating on shares of Fortescue in a report on Monday, February 16th. Zacks Research lowered Fortescue from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 19th.

Fortescue Price Performance

Shares of FSUGY stock opened at $27.51 on Friday. The firm has a fifty day simple moving average of $28.97 and a 200-day simple moving average of $27.97. Fortescue has a twelve month low of $16.41 and a twelve month high of $31.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.84 and a current ratio of 2.43.

Fortescue Company Profile

Fortescue (OTCMKTS:FSUGY) is the U.S. over‑the‑counter ticker for Fortescue Metals Group, an Australian company principally engaged in the exploration, mining, processing and sale of iron ore. Since its founding in 2003, the company has developed large‑scale open‑pit operations in the Pilbara region of Western Australia and built integrated infrastructure — including rail and port facilities — to move bulk shipments of iron ore to international steelmakers.

Fortescue’s core products are iron ore lump and fines, which it markets to customers around the world, with strong trade links to Asian steel producers.