Fortescue (OTCMKTS:FSUGY) Reaches New 1-Year Low – Should You Sell?

Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $23.79 and last traded at $23.9375, with a volume of 7062 shares changing hands. The stock had previously closed at $25.35.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FSUGY shares. The Goldman Sachs Group cut Fortescue from a “hold” rating to a “sell” rating and set a $16.90 price objective on the stock. in a report on Thursday, July 2nd. Zacks Research cut shares of Fortescue from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group raised shares of Fortescue from a “moderate sell” rating to a “hold” rating in a research note on Thursday, August 20th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $16.90.

Fortescue Stock Performance

The company has a current ratio of 3.03, a quick ratio of 2.28 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $25.77 and a 200-day moving average of $28.01.

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.