Ferrexpo (LON:FXPO) Shares Up 8.1% – Here’s Why

Ferrexpo plc (LON:FXPO)’s stock price was up 8.1% during trading on Friday . The company traded as high as GBX 58.80 and last traded at GBX 57.70. Approximately 9,290,895 shares traded hands during mid-day trading, an increase of 158% from the average daily volume of 3,597,335 shares. The stock had previously closed at GBX 53.40.

Analyst Ratings Changes

Separately, Peel Hunt reiterated a “hold” rating and set a GBX 53 price target on shares of Ferrexpo in a report on Monday, November 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Ferrexpo currently has an average rating of “Hold” and an average price target of GBX 53.

Ferrexpo Trading Up 8.1%

The company has a 50 day moving average of GBX 53.86 and a 200-day moving average of GBX 53.27. The stock has a market cap of £339.50 million, a price-to-earnings ratio of -1.13, 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 quick ratio of 2.20 and a current ratio of 2.11.

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.