Ferrexpo (LON:FXPO) Stock Price Down 13.3% – Here’s What Happened

Shares of Ferrexpo plc (LON:FXPO) traded down 13.3% during trading on Tuesday . The stock traded as low as GBX 61.10 and last traded at GBX 63. 3,313,720 shares changed hands during mid-day trading, an increase of 95% from the average session volume of 1,697,535 shares. The stock had previously closed at GBX 72.70.

Wall Street Analysts Forecast Growth

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

Ferrexpo Price Performance

The firm has a fifty day moving average of GBX 68.50 and a two-hundred day moving average of GBX 58.21. The stock has a market capitalization of £370.69 million, a P/E ratio of -1.23, a P/E/G 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.

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.