Ferrexpo (LON:FXPO) Stock Price Down 11.3% – What’s Next?

Ferrexpo plc (LON:FXPO)’s stock price was down 11.3% on Wednesday . The company traded as low as GBX 64.40 and last traded at GBX 69.10. Approximately 32,290,996 shares changed hands during trading, an increase of 748% from the average daily volume of 3,807,036 shares. The stock had previously closed at GBX 77.90.

Analysts Set New Price Targets

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

Ferrexpo Price Performance

The company has a fifty day simple moving average of GBX 57.28 and a 200 day simple moving average of GBX 53.57. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11. The stock has a market capitalization of £390.15 million, a price-to-earnings ratio of -1.29, a P/E/G ratio of -0.18 and a beta of 1.26.

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.