Ferrexpo (LON:FXPO) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Ferrexpo plc (LON:FXPO) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 53.80 and traded as high as GBX 55.90. Ferrexpo shares last traded at GBX 54.70, with a volume of 1,667,406 shares trading hands.

Ferrexpo Stock Down 1.6%

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 company has a market capitalization of £316.56 million, a P/E ratio of -1.05, a P/E/G ratio of -0.18 and a beta of 1.26. The stock has a 50-day moving average price of GBX 54.50 and a 200-day moving average price of GBX 53.80.

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.