Ferrexpo (LON:FXPO) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Ferrexpo plc (LON:FXPO) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 53.51 ($0.71) and traded as high as GBX 59.30 ($0.79). Ferrexpo shares last traded at GBX 57 ($0.76), with a volume of 10,301,278 shares trading hands.

Ferrexpo Stock Performance

The stock has a market capitalization of £335.39 million, a price-to-earnings ratio of -1.11, a PEG ratio of -0.18 and a beta of 1.26. The stock’s 50 day moving average is GBX 54.48 and its 200 day moving average is GBX 53.51. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33.

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.