Ferrexpo (LON:FXPO) Shares Up 22.4% – Time to Buy?

Ferrexpo plc (LON:FXPO) shot up 22.4% on Monday . The company traded as high as GBX 73.56 and last traded at GBX 70.60. 15,627,566 shares traded hands during mid-day trading, an increase of 328% from the average session volume of 3,650,102 shares. The stock had previously closed at GBX 57.70.

Analyst Ratings Changes

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

Ferrexpo Stock Performance

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 company has a market cap of £415.41 million, a P/E ratio of -1.38, a P/E/G ratio of -0.18 and a beta of 1.26. The firm has a 50 day moving average price of GBX 54.36 and a 200-day moving average price of GBX 53.05.

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.