Ferrexpo (LON:FXPO) Stock Price Down 16.7% – Here’s What Happened

Ferrexpo plc (LON:FXPO) fell 16.7% on Wednesday . The company traded as low as GBX 63.40 ($0.84) and last traded at GBX 64.70 ($0.86). 5,797,665 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 4,914,881 shares. The stock had previously closed at GBX 77.70 ($1.03).

Ferrexpo Stock Up 2.3 %

The stock has a market capitalization of £467.35 million, a price-to-earnings ratio of -8.46, a price-to-earnings-growth 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 50 day simple moving average of GBX 61.06 and a 200-day simple moving average of GBX 80.23.

Ferrexpo (LON:FXPO) last announced its quarterly earnings data on Thursday, March 20th. The iron ore producer reported GBX (8.51) (($0.11)) earnings per share (EPS) for the quarter. Ferrexpo had a negative net margin of 6.50% and a negative return on equity of 5.13%. On average, sell-side analysts forecast that Ferrexpo plc will post 3.7897311 EPS for the current fiscal year.

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.