Ferrexpo (LON:FXPO) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Ferrexpo plc (LON:FXPO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 59.80 and traded as high as GBX 78.70. Ferrexpo shares last traded at GBX 76, with a volume of 1,410,579 shares.

Wall Street Analyst Weigh In

Separately, Peel Hunt reissued a “hold” rating and issued a GBX 53 price target on shares of Ferrexpo in a report on Monday, November 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Ferrexpo currently has a consensus rating of “Hold” and a consensus price target of GBX 53.

Ferrexpo Stock Performance

The stock has a market cap of £447.18 million, a price-to-earnings ratio of -1.48, a PEG ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20. The firm has a fifty day moving average of GBX 72.75 and a 200 day moving average of GBX 59.89.

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.