Ferrexpo (LON:FXPO) Sets New 1-Year Low – Here’s Why

Ferrexpo plc (LON:FXPO)’s stock price hit a new 52-week low on Thursday . The stock traded as low as GBX 27.20 and last traded at GBX 28.58, with a volume of 4959674 shares traded. The stock had previously closed at GBX 30.68.

Ferrexpo Price Performance

The company has a market cap of £168.16 million, a price-to-earnings ratio of -0.56, a price-to-earnings-growth ratio of -0.18 and a beta of 0.89. The company has a fifty day moving average price of GBX 47.22 and a two-hundred day moving average price of GBX 60.06. The company has a current ratio of 1.53, a quick ratio of 2.20 and a debt-to-equity ratio of 0.37.

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.